Why Universal Credit Depends on Real Time Information

Information in the UniverseUniversal Credit is a new payment that replaces 6 benefits, including Working Tax Credit and Child Tax Credit. It has been under the spotlight recently, with MPs pointing out some of its problems and calling for a delay in the planned roll-out.  Universal Credit is designed to reduce automatically if an employee’s income increases and, for this reason, its success is dependent on employers reporting their payroll information via Real Time Information.

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Load, Aim, Hire!

A clockI was recently asked what advice I’d give somebody who is starting a new business and hiring his or her first employee. As you’d probably expect from someone whose business is payroll software, my answer was about the importance of organising your payroll.

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What Is a P45?

Not a P45Last week, comedian and prankster, Simon Brodkin, handed Theresa May a piece of paper with “P45” written in large print at the top of the page. But what is a P45 and what is the connection with leaving your post?

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Searching for Payroll

Somebody else's grannyIf you are an employee with a query about your pay, you may be told to check with payroll. Googling the word “payroll” will bring up a list of companies but, when you ring them, you’ll discover that none of them can help. So, how can it be possible that your trusted search engine has let you down?

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The Trouble with the EYU

Lake and mountainsWhen Real Time Information was first introduced, we were told it would save businesses hundreds of millions of pounds, make tax more accurate, reduce tax credits over-payments, enable dynamic adjustment of Universal Credits, move the planets into alignment and bring about world peace. Okay, maybe not the last two.

With such ambitious aims and a very short timescale for implementation, nobody should be surprised that the result wasn’t perfect.

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