Overview

International markets continue to grow in importance for British companies, and with this growth comes an expansion of compliance requirements. Whether you are sending expatriates into a country or taking on a small local payroll as part of an acquisition or branch opening, your business will need to ensure it meets all of its obligations. Outsourcing the payroll function may seem the best solution, but the company remains legally liable for any mistakes the outsource partner may make. It is therefore important that the end client is aware of what the major tasks are the outsourcer performs on their behalf, the key deadlines that they need to sign off, and how to interpret key reports and payslip information. This one day course focuses on the major payroll rules in Finland.

Who is this course for?

This course is aimed at those Payroll & HR Professionals who are processing or managing Vendors who process Payrolls in Finland and need to have an understanding of the legislative and legal requirements involved.

What will you achieve?

Attendees will be able to accurately follow a simple pay calculation for each jurisdiction, and should be able to identify all of the key items on a payslip produced in each jurisdiction. You will also be able to:

•Identify all key jurisdiction deadlines
•Understand the penalty regimes and the consequences of getting it wrong •Have a detailed understanding of the scope of service you are purchasing from an outsource partner
•Identify what information you need to pass to the outsource partner and why you have to provide it

What will be covered?

Employment Law including:

Tax including:

• Finnish Tax administration (Vero)
• Tax CardBIK taxation
• Use of tax Account

Social Security:

• Employers social security contribution
• Social Security Administration (Kela)

Payroll Administration:

• Payment and filing deadlines
• Annual Employer Payroll Report
• Report payment and deduction codes

Leave:

• Sickness Leave
• Maternity Leave
• Holiday

Summary

A one-day course focusing on Finland’s major payroll rules. Attendees will be equipped with all the knowledge they need to follow a simple pay calculation for each jurisdiction and understand penalty regimes. Ensuring that your business fulfils compliance requirements and outsources payroll successfully.