Zero-Hour Contracts: Should A Worker Expect Annual Leave & Other Considerations
IRIS FMP International Blog
by MRS Digital
2y ago
The UK is one of a small selection of countries that currently allows “zero-hour contracts”. An unofficial name, a zero-hour contract simply means that there is no minimum work requirement and, instead, work is variable. Most commonly, zero-hour contracts are used during holidays and when there’s seasonal demand. For the likes of delivery services, this extra flexibility afforded by zero-hour contracts allows businesses to keep up with demand. When flexibility is over-prioritised, employment rights and entitlements can be unfortunately overlooked. Seasonal demands can put unprecedented, and so ..read more
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How to Better Manage Shift Trading at Work & Policy Guidelines
IRIS FMP International Blog
by MRS Digital
2y ago
Simplifying shift management is a goal for many different industries, ranging from retail and hospitality to construction. Traditional nine-to-five roles aren’t compatible with every industry, and shift work allows these businesses to expand hours of operation to be more agile and more flexibly meet operational requirements, attracting even more business. Research from TUC (the Trade Union Congress), revealed how one in nine employees working in the UK works a night shift. As night shifts are normalised, the role of a shift trading policy needs to be more closely reviewed. There are many diffe ..read more
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Unpaid Work Experience & Internships: What are the Laws?
IRIS FMP International Blog
by MRS Digital
2y ago
Unpaid work internships are illegal in the UK. Unpaid work experience, however, isn’t as tightly regulated, and members of the House of Commons are working to change that. As of September 2020, a parliamentary bill currently in its ‘second reading’, or under review, is looking to prohibit unpaid work experience where it totals a full working week, or 20 days either consecutively or non-consecutively. This is captured in the latest edition of the Unpaid Work Experience (Prohibition) (No.2) Bill. This Parliamentary bill concedes that work experience is a relevant and highly important area in emp ..read more
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Employer’s Guide to the P60: Everything You Need to Know
IRIS FMP International Blog
by MRS Digital
2y ago
By the 31st of May, an employer is required to give their employees a PAYE (or ‘Pay As Your Earn’) form called a P60 (End of Year Certificate). This certificate, required by the HMRC (HM Revenue & Customs), is a summary of their year-to-date pay in a given tax year. This will also contain useful information about tax and National Insurance Contributions (NICs) that have been deducted through the PAYE scheme. For employee use, a P60 is a record of pay within a tax year, which must be correct and accurate. An employer is obligated to submit this form to their employers on time (or the last d ..read more
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What is Off Payroll Working?
IRIS FMP International Blog
by MRS Digital
3y ago
Off payroll working in the private sector can be confusing to understand, but it’s vital to do so if you are a contractor, or you procure the services of a contractor/similar intermediary at your company.  As a HMRC policy, off-payroll working rules (also known as IR35) are frequently updated, and some changes will be implemented in the 2021 tax year. Read on to understand off payroll working and learn about the upcoming revisions. What is off payroll working, or IR35? HMRC’s off payroll working rules are applicable to those who perform a service for a company, without being an employee ..read more
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Who is Responsible for Unpaid Payroll Taxes?
IRIS FMP International Blog
by MRS Digital
3y ago
Who is Responsible for Unpaid Payroll Taxes in the UK? An employer is both responsible and obligated to withhold deductions for PAYE from its employees’ wages on behalf of HM Revenue and Customs (HMRC) as part of its payroll. Amongst these deductions are tax and National Insurance, including pensions payments or any repayable loans (including student loans). In order to deliver a smooth, compliant payroll operation, employers will need to complete certain tasks for every tax month. Calculating deductions, producing payslips, and paying the HMRC – these are all time-sensitive tasks that must b ..read more
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A Guide to the UK’s Largest Workplace Pension Scheme, Nest
IRIS FMP International Blog
by MRS Digital
3y ago
Britain’s largest and publicly owned pension scheme, Nest (or National Employment Savings Trust), has become a reliable opportunity for employees who want to create pension savings for later in life.   Revealed by Nest, the pension scheme has helped early investors as much as triple their funds in the last seven years, which represents a healthy uptick in profit. This workplace pension scheme in the UK has thrived, partly, from its savvy and responsible investments, totalling as much ..read more
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Recruitment and Workers’ Rights in the UK After Brexit
IRIS FMP International Blog
by MRS Digital
3y ago
As the Brexit transition period came to an end on 31st December 2020, new policies are impacting employers, particularly with regards to employing EU citizens from now on. In this guide we explore the changes to workplace rights that come into effect from the 1st January 2021.   How Are Workers’ Rights Affected by Brexit?  The majority of workers’ rights after Brexit are expected to have no change, enabling the employer and employee to continue in many processes undertaken in recent years ..read more
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The Importance of Payroll Audits to Highlight Risks
IRIS FMP International Blog
by MRS Digital
3y ago
If not managed correctly, for the likes of small businesses and many others, payroll can be one of the largest operational expenses when it goes wrong. To avoid payroll errors, fines, and penalties, it’s mission critical that an employer’s audits are compliant just as much as their reports are accurate.   Regardless of your payroll system, whether it’s an internal or outsourced solution, there’s always room for error. Even the most reliable, low-risk payroll solutions can be susceptible to human mistake. A regular payroll audit can mi ..read more
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How to Process Employees Returning from Furlough in Payroll?  
IRIS FMP International Blog
by MRS Digital
3y ago
As Britain reawakens from a sleepy period for businesses both domestic and international, the aftermath of Covid-19 on its economy is still finding clarity. But one certainty remains true: the workforce is returning to a new normal.   The UK Government’s job retention scheme, formally known as furlough, has gradually changed from a full working benefit, replacing staff wages through proxy funds, into a staggered return to push the workforce out of the slumber of an economically slow period during the pandemic. The last few months, includin ..read more
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