The UK’s decision to leave the European Union (EU) will undoubtedly result in significant changes to the payroll profession. But, at this stage, it is impossible to predict what these will be – or what impact they will have, according to the Chartered Institute of Payroll Professionals (CIPP).
CIPP has spoken out against current fears and anxieties, issuing a reminder that “it’s business as usual for payroll” up until Brexit negotiations are finalised in two years’ time, or more.
Helen Hargreaves the CIPP’s associate director of policy and research, has said: “It is not a foregone conclusion that everything will change following our exit from the EU, and the CIPP will continue to monitor all legislation and regulation changes arising in the future, regardless of whether these are a result of European or UK legislation, and ensure that payroll practitioners are always aware of their responsibilities and obligations and how these should be met.”
“The payroll profession is continually subjected to changing legislation and this will continue to be the case over the coming years and months, irrespective of our status within Europe.”
Speaking of employment regulations, which are enshrined in UK legislation, Ms Hargreaves said: “An often quoted example is that the EU was responsible for the introduction of the right to paid holiday leave, which is of course correct.
“However, EU legislation grants workers 20 days’ paid holiday. The fact that UK workers have a higher entitlement of 28 days is as a result of UK regulations.”