Gross pay is the full amount you need to pay an employee, before you withhold taxes and other voluntary or mandatory contributions. The way you calculate gross pay depends on whether you have an hourly paid or salaried employee. With an employee who earns a fixed salary you’ll take their ...
“This change will mean employers will need to process these benefits and the tax on them through the payroll on a regular basis rather than annually via the existing “P11D” form as can be done now. Employers will also need to pay Class 1A liability each month, rather than an annual l...
Why it could pay to top up your workplace pension Additional Voluntary Contributions Overview Defined Benefit pensions A Final Salary Pension is designed to help save towards retirement. It provides benefits that are usually based on a salary and the number of years you've been in the scheme. ...
You need to register as an employer with HMRC before your employee’s first payday. It can take up to 5 working days to get your pay-as-you-earn (PAYE) reference number, and you can’t register more than 2 months before you start paying people. You’ll need their P45 (which will i...
Moving to Spain in 2024 If you are planning on Moving to Spain in 2024 then you have landed on a website that can give you all the information you need and help you save money and time on the actual process of moving to Spain. If you want to save money when moving to Spain then ...
There are two ways in which to close a company with no debts – getting it struck off the Register of Companies through a process sometimes known as dissolution, or entering into a Members' Voluntary Liquidation. Do I have to pay corporation tax if I close my company? As such, a dormant...