The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Payroll Processing Date?
Post Info TOPIC: Payroll Processing Date?
setmoa


Member

Status: Offline
Posts: 20
Date:
Payroll Processing Date?
Permalink Closed

Hi all

I'm in desperate need of some clarification, here's the situation:

If payroll is run for May 2012 for a full month 1-31st but not paid to the employee until the 15th June, what should the processing date be?

Thanksconfuse



__________________
Stardoe


Guru

Status: Offline
Posts: 1470
Date:
Permalink Closed

Hi there. If this is the May monthly payroll and the payroll is run on the 31st May then the processing date should be 31st May. Why is the employee not paid until 15th June?

Pauline

__________________

Pauline
Tom McClelland


Senior Member

Status: Offline
Posts: 421
Date:
Permalink Closed

If the employee is contractually due to be paid on the 15th of the following month then that is the processing date, from a PAYE point of view.

__________________

Life's a reach, then you gybe

 
webpiter


Member

Status: Offline
Posts: 6
Date:
Permalink Closed

The payroll should be dated - and the tax and NIC worked out accordingly - on the date of payment, not the end of the period to which the pay relates. In your case, it should be dated on the Friday, not the Sunday. and in your case the processing date should be 31 of the may.


__________________

Internships
Rhianrach


Expert

Status: Offline
Posts: 1609
Date:
Permalink Closed

I'm with Tom. We pay on the friday however this is for the previous weeks hours. The processing date for me, has always been, (I could however of been doing it wrong) the actual pay date, i.e the friday.

__________________
Steve
Stardoe


Guru

Status: Offline
Posts: 1470
Date:
Permalink Closed

I agree that the processing date should be the pay date...however there was no explanation from the OP whether this employee was paid monthly or weekly. If they run monthly payroll and the employee was being paid late for some reason.....? If the employee was on a weekly pay schedule then the processing date should be 15th June.

Pauline

__________________

Pauline
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Payroll Processing Date?
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About