2024 Payroll Checklist

Our monthly payroll checklist outlines all the processes you must undertake across the UK payroll lifecycle.

This include administering new starters and leavers, managing leave, running payroll, pensions, benefits, and more. A comprehensive payroll checklist will not only ensure that your staff are effectively managed in terms of pay, leave, pensions, and benefits but also that you meet UK regulatory compliance requirements.

When you’re running payroll, it can be easy to forget to go through certain steps or procedures. But the consequence of this is that payroll compliance falls by the wayside leaving you open to fine-attracting errors and pay discrepancies. A payroll implementation checklist not only keeps you on track but will ensure you perform the correct procedures every month to keep you compliant. 

If you’ve not done so yet, you’ll want to register as an employer with HMRC. Then, you’ll need to decide on pay dates and calculate what deductions need to be made from salaries. In addition to sending out payslips, you’ll need to make RTI submissions to HMRC (payroll software can help automate this). A monthly payroll checklist can help you remember to do all of this.

In order to process payroll in the UK, you’ll need information about your starters and leavers, any pay changes for the month (such as salary changes or bonus payments) and any other 
variances from the previous month. PayFit, incidentally, includes built-in variance reporting as standard.