[UK] Reporting PAYE information in real time for early Christmas payments

Some UK employers opt to pay employees earlier than usual over the Christmas period. Whether this is a logistical decision based on early closure or a gesture to help employees, there are implications to consider, Business Wales reports.

Employers paying early over the Christmas period must ensure that the normal or contractual payday is used as the payment date on their Full Payment Submission (FPS) and that the FPS is submitted on or before this date.

If paying an employee on December 19 when the usual payment date is December 31, for example, a payment date of December 31 must be reported, and the FPS should be sent on or before December 31.

This will reportedly help protect employees’ eligibility for income-based benefits such as Universal Credit, where early payments could affect current and future entitlements.

The overriding PAYE reporting obligation for employers is not affected by this exception. Payments must still be reported on, or before the date the employee is paid.

Further information is available on GOV.UK.

Source: Business Wales

(Link via original reporting)

Some UK employers opt to pay employees earlier than usual over the Christmas period. Whether this is a logistical decision based on early closure or a gesture to help employees, there are implications to consider, Business Wales reports.

Employers paying early over the Christmas period must ensure that the normal or contractual payday is used as the payment date on their Full Payment Submission (FPS) and that the FPS is submitted on or before this date.

If paying an employee on December 19 when the usual payment date is December 31, for example, a payment date of December 31 must be reported, and the FPS should be sent on or before December 31.

This will reportedly help protect employees’ eligibility for income-based benefits such as Universal Credit, where early payments could affect current and future entitlements.

The overriding PAYE reporting obligation for employers is not affected by this exception. Payments must still be reported on, or before the date the employee is paid.

Further information is available on GOV.UK.

Source: Business Wales

(Link via original reporting)