The UK tax year always starts on 06 April and always involves changes to the many rates and allowances we are responsible for administering. Thankfully, payroll software performs all of the calculations so this manual task does not have to be performed by professionals.
However, even though payroll software does much of the processing, it is essential that professionals know the facts and figures. Although we rely on payroll software, this is not a substitute for having the knowledge ourselves. After all, we have to know what the software is doing when we perform the vital employer task of paying people on time and accurately.
Therefore, the focus of this update is ensuring YOU are aware of what the software should be doing. Sometimes, software can perform this incorrectly, and payroll systems will not talk to our employees or explain the calculations!
For anyone involved in payroll processing, including employees themselves, this course will provide all the information you need to know as we transition from tax year 2024/25 into 2025/26 on 06 April 2025.