OOB refers to the requirement that payroll data is submitted On Or Before the date employees get paid.
Chaos is on the way for the lowest paid workers as new rules come into force which link payment of vital in-work benefits to employer’s compliance with providing tax information on time.
From this month almost all employers will finally be expected to provide payroll data to HMRC every month as part of the Real Time Information (RTI) system. This change has already been introduced for larger employers but businesses with nine or less employees had been given a 12 month ‘easement period’. That ran out on April 6th this year.
For those on low incomes this payroll data will be used to calculate their entitlement to Universal Credit. If this information is not filed on time then bosses are warned by the DWP that their workers may: “receive too much or…
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