During this last tax year, we have taken on many new clients. Several of them asked us to re-run their payroll from April 2022, to make sure that we had got a full tax year profile, of their payroll, on our system.
During these transitions it was revealed that their previous payroll providers &/or their own in-house payroll administrator had not updated their software with changes made to NI contributions in July & November 2022.
This error could have been problematic, for both the employees and the employers, had it continued. However, we were able to provide guidance to make the necessary adjustments to bring everything into line.
So, with the new tax year fast approaching, this is a warning to double check and make sure that your payroll provider &/or your own payroll management team, has updated their/your payroll software with these and any other changes imposed by HMRC, such as NI contributions and minimum wage etc.
Please note your software will not automatically update these changes if you don’t pay a subscription and, in most cases, you will have to input the new updates manually.
If this sounds familiar and you would like some no-obligation advice about this or any other payroll queries, we’re happy to help.