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Payroll exam query

  • 3 posts
  • # 109604

hello everyone

i have just sent my exam in and i had a query which i'm still not heard back from ICB on (+1week)

that is we are given no start date for the companies year i.e. lets say you have employees paid weekly what is the first pay day?

i would assume if weekly employees are paid on every Friday then the first pay day/processing date would be the first Friday after the 6th April?

hopefully someone that has sat and passed the exam can confirm the guess above

 

many thanks

 

  • 27 posts
  • # 109606

My understanding is that a payroll year corresponds with a tax year so starts on 6th April.  It is separate from a company financial year which can be any date that the company chooses.

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