Statutory payments are a legal requirement for all UK businesses. As an employer, it’s your job to
identify when an employee’s absence qualifies and to ensure they receive the right payments. At
Finesse Resources, we can handle all your payroll commitments including statutory payments as your
chosen payroll partner.
There are five circumstances where you are required to pay statutory payments to an employee on leave.
As an employer, your business can normally reclaim 92% of employee’s statutory parental payments. If you qualify for Small Employers’ Relief, you can reclaim 103%. You can also apply for HMRC to pay you in advance if you cannot afford to make statutory payments.
If you choose Finesse Resources as your payroll partner, we will ensure that all reclaims are made and handle the paperwork should you need an advancement from HMRC. We will also generate the relevant forms if you need to reject a statutory payment claim for an employee that is ineligible.
There are ten types of penalties that your business can receive if you incorrectly operate statutory payments.
Choose Finesse Resources as your trusted payroll partner.
Make sure your employees get paid on time, every time. Here at Finesse Resources, we specialise in payroll services to businesses of all sizes. As part of a bespoke payroll package, we will make sure you avoid penalties for statutory penalties and handle all of the time-consuming tasks that come with making them.
Find out more about our business payroll services
Fill out the form below or call us on 03303 201 924 to discuss your payroll needs.