With few exceptions, if you have a business that employs staff, you must meet your obligations to HMRC by operating a payroll to process your staff wages.
It is crucial that you pay your employees correctly and on time but running your company’s payroll efficiently and correctly can be a time-consuming process.
It is no longer realistic to run a payroll on paper. Recent changes in legislation, such as the introduction of RTI (Real Time Information) reporting to HMRC and pension auto enrolment, make the process more complex. Couple that with penalties for not submitting the correct forms at the correct time, and you soon appreciate that an electronic payroll system is essential.