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Budget 2020 Delayed 

Update 05/02/2020 @ 10:30

Further to our recent communications regarding the delayed budget, 12Pay have continued to work on the upcoming system upgrades.

Though the timings of government updates are still not certain, we are confident that our changes will be delivered in time for the end of the current financial year.

We understand that the uncertainty surrounding the budget may cause you concern, however we can assure you that we are doing everything we can to minimise the impact that this will have.

We will continue to update this page as further information becomes available.

Update 16/01/2020 @ 10:30

As you may be aware, the late call for a general election has delayed the release of the budget for financial year 2020/2021. The government have since confirmed that the budget will be delivered on 11th March 2020.

How does this affect Payroll?

The budget defines the proposed changes to a range of factors affecting payroll, and therefore this will delay the delivery of our system update.

We are already well underway with the development of legislative changes for all products and will be able to make the remaining changes once the details are confirmed. As you can appreciate, the changes to the date of the budget are outside our control, however we will make sure you are kept up to date with any progress as soon as we gain further clarification.

Please be assured that we are in close contact with HMRC, ensuring that we receive updates as soon as they are available. Several professional bodies are also working with the government, aiming to minimise the impact this has on employers.

How does this affect you?

In the meantime, you can pay your employees as normal for FY 2019/2020, however as year-end processes cannot be completed until updates have been made available, you will not be able to provide an FPS/EPS for your final pay period (as this triggers the year-end process).

Once you have updated your software then your final RTI submissions can be provided, and year-end processes completed. Ticking the late submission box on the FPS will ensure compliance with the HMRC.

We will continue to keep you informed on progress, so please look out for future updates.

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