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27 Aug 2009

According to the IPP, payroll professionals pay out £1 trillion to more than 50 million people every month, with over 1000 different regulations to consider.

Not only does your payroll team work under pressure, the nature of the job means that they have to work to deadlines too!

Payroll teams sift through 2900 forms from HMRC, and those with 500 or more employees face fines of up to £1.5 million if they submit incorrect P9 / P11D forms. As you can see, the consequences if deadlines are not met can be huge!

This year's theme is 'Payroll Counts, People Matter',celebrating the important role individuals have within the payroll process, aiming to encourage businesses to recognise the crucial contributions of payroll professionals.

As the role of the payroll profession continues to expand in nature and complexity so too has the importance of acquiring,training
and retaining key individuals – after all, the payroll process is only as good as the people managing it.

Often the "unsung heroes" in the company, payroll teams across the UK not only make sure that pay day is something to look forward to for millions of employees but also collect almost half of all the taxes the government receives. So, if you work in payroll, you're not just keeping your company running smoothly, you're keeping the country in the black!

To get your free National Payroll Week Press Kit, visit this link http://www.payrollprofession.org/index.asp?s=events&p=npw

For more information about PBS (UK) Limited and our flexible, reliable, and confidential Fully Managed UK Payroll Service, please call 0115 9853199, or e-mail info@pbs.uk.com with your requirements.

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