Storing Your Payroll Records (for HMRC)
You need to keep payroll records for 3 years from the end of the tax year they relate to. HMRC may check your records (this can often be done by submitting an audit file by email to avoid a home visit) to make sure you paid the right amount of tax. If you do not keep full records, HMRC may estimate what you have to pay and charge you a penalty of up to £3,000. We automatically store your payroll for 12 months free after you cease being an employer or your payroll service expires. You can also purchase additional secure storage to include production of an audit file. More… Read More
Re-enrolment of staff back into a workplace pension scheme
This is a two-stage process. Employers must carry out re-enrolment every three years. Firstly, staff who opted out of their workplace pension must be put back in. Secondly, employers must complete and submit the online re-declaration of compliance form to show The Pension Regulator how they have met this responsibility. Re-enrolment is a straightforward two-stage task but employers should ensure they leave enough time to carry it out correctly. Visit The Pensions Regulators website for more information.