31st March 2015

AE Industry liaison - Newsflash - March 2015

  1. Consultation published - Helping users of HMRC’s Basic PAYE Tool undertake automatic enrolment calculations - open until 19 May 2015

The Pensions Regulator has launched a consultation on whether to provide a basic automatic enrolment assessment tool for employers who use HMRC’s Basic PAYE Tool.  Currently around 200,000 small and micro employers use HMRC’s Basic PAYE Tool (BPT). The BPT, however, does not provide the required functionality to allow employers to meet their automatic enrolment duties and so the regulator is now consulting on whether to provide a basic assessment tool to assist this group.

The consultation presents a proposal for mitigating the risk that small and micro employers, who use HMRC’s Basic PAYE Tools (BPT), will not have access to adequate software to be able to carry out their automatic enrolment duties.

The regulator is now seeking views, particularly from pension providers, payroll providers, business advisers, employer groups and users of HMRC’s BPT, on what support is available in the market place for employers who use BPT so that we can  identify gaps and consider whether a basic assessment tool is necessary.  Along with considering the necessity of a basic tool, the consultation also asks respondents to consider the following.

  • If respondents believe we should have a tool, what functions should it provide? It is important the functionality of a basic assessment tool strikes a balance between supporting BPT users while maintaining incentive for them to seek a better automatic enrolment solution from the market place.
  • How would a basic assessment tool affect the market place?
  • What more could be done to encourage BPT users to switch to a system that provides integrated support for their automatic enrolment?

For more details here are the links to our consultation page and consultation document.

www.tpr.gov.uk/doc-library/hmrc-basic-paye-tools-automatic-enrolment-calculations.aspx

www.tpr.gov.uk/docs/hmrc-bpt-automatic-enrolment-consultation.pdf

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