Statutory deadlines for payments-please help

d.p
d.p Registered Posts: 7 New contributor 🐸
edited June 18 in AAT student discussion
does someone knows what are the statutory deadlines for payments below,made by payroll department?Are there any deadlines at all?
court orders,
trade union deductions,
pension contributions e.g occupational pension schemes COSR,COMP...
By what date must these payments be paid to the appropriate organisation?
many thanks for your help

Comments

  • payrollpro
    payrollpro Registered Posts: 425 Dedicated contributor 🦉
    Hi dp,

    Actually, for some of these there are no statutory deadlines, but lets tackle the serious ones first.

    Court orders do have to be paid over as quickly as possible and it will depend on which one you have. Go back to the documentation from the court, or CAPS, CSA, the local council or whoever issued the order and it will tell you exactly when it must be paid.

    Pension contributions will depend on the scheme and the scheme's trustees so again have a look at their documentation to find out but there is a limit of the 19th of the month following the month of deduction. Pension administrators are required to report employers who fail to pay over in time and the regulator can prosecute.

    Trades unions, well they can wait because there is no rule regarding them. However, to be fair once you have deducted the money from your employees it is only right to pay the money over quickly. I would say that as long as you pay over by the end of the month following the month of deduction you cant go far wrong.

    Does that help?

    Payrollpro
  • d.p
    d.p Registered Posts: 7 New contributor 🐸
    Thank you in deed.You helped me a lot.I could not find these deadlines in my Payroll Administration Textbooks.Thank you once again.
  • payrollpro
    payrollpro Registered Posts: 425 Dedicated contributor 🦉
    Well, in some cases I would be surprised if you found the details in the textbooks because the duties of the pensions regulator and their powers to punish are not really a level two issue, even if they do have an effect on the work at level 2. I would have put such matters at level 4 so you can see the dilemma, how to find the balance between what you need to do and what really needs to be known by those you report to, does that make sense?

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