Important Note: 6th April 2007 is
Good Friday Bank Holiday
HMRC guidance regarding Good Friday Bank Holiday
HMRC have issued the following guidance on the operation of PAYE
and NIC where pay falls due on Good Friday 6th April 2007 (the
first day of the 2007/08 tax year) but is paid earlier and so
strictly falls in the 2006/07 tax year.
This guidance does not replace or alter the existing guidance in
booklet CWG2 about regular paydays falling in week 53 of the tax
year.
Operation of PAYE and Class 1 NIC when the regular date for
payment is a non-banking day
When a regular pay day falls on a non-banking day (Saturday,
Sunday or Bank Holiday) and due to this the payment is made on the
last working day before the regular pay day, the payment may be
treated for PAYE and Class 1 NIC purposes as having been made on
the regular payment day.
For example: Pay due on Bank Holiday 6th April 2007 or
Bank Holiday Monday 9th April 2007 (tax year 2007/08) but paid on
Thursday 5th April 2007 (tax year 2006/07) may be treated for
PAYE/NIC purposes as being paid on 6th April and 9th April
respectively.
Do I have to do anything in IRIS PAYE-Master?
For customers who would normally pay their employees on Friday
6th April 2007 but due to the Bank Holiday, make the payment 1 day
earlier on Thursday 5th April. Payments made can be treated
as though they were paid in week 1 of the 2007/08 tax
year.
This means that the pay date used with IRIS PAYE-Master
would remain as 6th April 2007.
Employers would need to make the necessary arrangements to
physically pay employees one day earlier on Thursday 5th April
2007.
No changes are required to be made to the pay date within IRIS
PAYE-Master.
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