In this episode: Payroll vs Reward Debate | P11D Electronic Mandate | BACS Hash Dropped | Pension Dashboard Delay

Payroll Question Time is brought to you by SD Worx. SD Worx offers smart, tailored and integrated HR and Payroll solutions, along with the local expertise, global reach and reliable service you need to grow your business today!

The 100th HMRC employer bulletin just landed, and it changes more than you think.

In this episode of Payroll Question Time, host Nick Day and our expert panel tackle the growing debate on whether payroll should align with reward, break down the February 2023 employer bulletin bombshells, and explore what the future of payroll skills really looks like.

From mandatory electronic P11D filing and the sudden death of informal payrolling to the surprise removal of the BACS hash and key pension dashboard delays, we cover what payroll and HR leaders need to act on right now.

We cover:

1. Should payroll align with reward or stand as its own strategic profession
2. P11D paper filing now banned — electronic submissions mandatory from 2022-23
3. Informal payrolling no longer tolerated — register by 5th April or stop
4. BACS hash field 117 dropped at short notice with no regulatory clarity
5. Payroll analytics as the next critical skill for senior professionals
6. Devolved government changes for Scotland, Wales and Northern Ireland
7. SSP linked periods and the 8-week reset rule
8. Pay on demand, salary advances and RTI return implications
9. HMRC employer PAYE direct debit issues and penalty risks
10. Pensions dashboard delay and what data payroll teams need to prepare
11. Collective defined contribution schemes and pension super funds explained
12. Auto-enrolment edge cases including salary sacrifice and temporary workers

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Learn more about SD Worx Academy training courses: https://www.sdworx.com/en-en

Nick Day's LinkedIn: https://www.linkedin.com/in/nickday/

Our Panel:

Simon Parsons, UK Director of Compliance Strategies at SD Worx

Richard George, Director of Education at the Payroll Centre

Lou Gray, Associate Director at Evelyn Partners

Andy Nichols, Payroll and Pensions Expert, The Pensions Regulator

#PayrollQuestionTime #PayrollAndReward #P11DChanges #UKPayroll #PayrollCompliance #HRCompliance #BacsHash #PayrollAnalytics #PensionsDashboard #PayrollUpdates #DevolvingGovernments #SSPRules #PayrollLeadership #SDWorx #PayrollProfessionals #HRandPayroll #PayrollTraining #UKEmploymentLaw #CIPP #Reward300

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## CHAPTERS

(00:00) Introduction and Welcome to Payroll Question Time

(02:00) Next PQT Date and Housekeeping

(03:43) Meet the Panel: Simon, Richard, Lou and Andy

(05:46) Today's Discussion Points

(06:25) Should Payroll Be Aligned with Reward?

(09:19) Lou: Keep Them Separate but Know the Tax

(12:20) Richard: Payroll Is Strategic to Every Benefit Decision

(15:38) Why Reward Should Report into Payroll, Not the Other Way

(16:52) Should the Apprenticeship Title Change to Payroll and Reward?

(20:12) Andy: Payroll Is the End of the Line for Everything

(22:07) Simon: Does Renaming Devalue the Profession?

(22:43) GPMI Payroll Analytics Course: Is This the Future?

(26:10) Poll Results: 55% Say Payroll and Reward Belong Together

(28:00) Payroll as a Profit Centre Through Data and Analytics

(33:52) Lou: Automation, Software Skills and Process Improvement

(36:49) The European HCM and Payroll Tech Market Hits 35 Billion

(37:56) Audience Question: Offshoring Payroll to Cheaper Locations

(42:51) Devolved Governments: Scotland, Wales and Northern Ireland

(46:38) Poll: How Do You Handle the P11D Form?

(51:05) HMRC Bulletin: P11D Paper Filing Banned from This Year

(54:48) Informal Payrolling Ends — Register by 5th April

(57:54) BACS Hash Field 117 Dropped with No Warning

(1:00:05) How Far Back Must You Correct Year-to-Date Figures?

(1:02:08) Pay on Demand and RTI Return Complications

(1:04:23) HMRC Direct Debit Deadline Warning

(1:05:10) SSP Linked Periods: The 8-Week Reset Rule

(1:06:41) Is the HMRC Direct Debit Worth the Risk?

(1:09:35) Simon Parsons Tax Year Special Webinar: 3rd March

(1:10:29) Pension Updates: Retirement Age, Dashboard and CDCs

(1:15:06) What Data Will Payroll Need for the Pensions Dashboard?

(1:18:19) Opt-In Contributions: Hold or Pay Over Immediately?

(1:20:06) Auto-Enrolment for Ukrainian Refugees

(1:21:21) Filing RTI Without a PAYE Authorisation Code

(1:22:25) Pension Payment Deadlines and Whistleblowing Penalties

(1:24:06) Should Regulators Promote Auto-Enrolment More?

(1:25:07) Wrap-Up and Next PQT: 24th March 2023