News – Page 180
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RTI pilot expands
The real-time information (RTI) pilot is to expand between 6 November 2012 and 31 March 2013 with the addition of 250,000 employers.The pilot was launched in April 2012 with 10 employers reporting pay-as-you-earn (PAYE) information in real time to HM Revenue and Customs (HMRC).Ruth Owen, director general, personal tax at ...
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Barclays rewards on satisfaction
Barclays’ frontline staff will receive bonuses for customer service rather than for the sale of products.The new bonus structure will effect more than 20,000 employees in the bank’s UK retail and business banking division.The incentives will be based on how satisfied customers are with the service they are provided and ...
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Employers need to consider EBT settlement
Organisations running employee benefit trusts (EBTs) should consider whether the HM Revenue and Customs’ (HMRC) settlement opportunity is appropriate for their situation, advises KPMG.The settlement opportunity allows for employers to pay the tax authority’s assessment of outstanding tax liabilities without the need for litigation.Jayne Vaughan, tax partner at KPMG UK, ...
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Employers to receive letters about RTI
UK employers are set to receive a letter from the tax authorities in October, outlining the key changes that will come in with real-time information (RTI) reporting.Between April 2013 and October 2013, all employers will start reporting payroll information to HM Revenue and Customs (HMRC) in real time (on or ...
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MOD staff share £30m bonus pot
Ministry of Defence (MOD) employees will receive bonuses worth a total of £30 million for the year 2011-12, down from £43 million for the previous year.The performance-related bonus, which was introduced by the former Labour government, will be paid out to 96% of employees.The average bonus for junior staff stands ...
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Barclays to link bonuses to new business strategy
Barclays Group is to adapt its bonus and compensation structure to link it to its new business strategy.In a memo to the bank’s 140,000 staff, Barclay Group’s new chief executive Anthony Jenkins, said: “How we do business, our impact as a company, and adherence to our values, will be considered ...
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CIPP launches online payslip tool for National Payroll Week 2012
EXCLUSIVE: The Chartered Institute of Payroll Professionals (CIPP) has launched a new online payslip tool to help employees understand their pay statement.The tool has been introduced to mark National Payroll Week 2012, which takes place between 3-7 September.Lindsay Melvin, chief executive at the CIPP, said: “Based on our research, we ...
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Article
Compupaye Bureau promotes RTI with staff bonus
EXCLUSIVE: Compupaye Bureau is offering staff a bonus for the successful completion of a real-time information (RTI) quiz during National Payroll Week, from 3-7 September.The quiz is designed to get the payroll services firm’s staff up to speed on RTI reporting, which will be mandatory for UK employers from April ...
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Article
Lebara redesigns global bonuses
Employee Benefits Live: Lebara Mobile has redesigned its global bonus scheme after conducting a review.Speaking at Employee Benefits Live, Gemma Bullivant, head of HR at Lebara Mobile, said the telecommunications firm launched the review to ensure its bonus scheme was working well in all countries.The telecommunications firm, which is based ...