- Did you know?
Eligible employees for Auto Enrolment must receive a total minimum contribution of 8%. Of this, a minimum of 3% must come from the employer.
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Payslips must show the total number of variable hours worked. This means that if employees have worked overtime, or if they get paid differently for working certain hours, these variables must be detailed on their payslip.
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Employers must calculate all deductions, issue employees with payslips, and report to HMRC on or before payday each month.
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Payroll reports must be kept for at least 3 years from the end of the tax year that they relate to.
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You must inform HMRC on your Full Payment Submission (FPS) if an employee joins, leaves or changes their address.
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Statutory Sick Pay and Statutory Pay for parents (such as Maternity Pay) are taxed like normal pay. As an employer you can claim back 92% of Statutory Parental Pay, or 103% if you qualify for Small Employers’ Relief. However, Statutory Sick Pay is no longer recoverable.
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You can avoid keeping on top of all the Payroll rules and regulations by outsourcing it to us at E R Grove & Co! Contact one of our payroll team today to discuss your options.
