If you’re doing manual payroll calculations, you can use HMRC’s calculators and tax tables to check that you’re on the right track. You can also use them to check tax, NICs and student loan deductions. If your business is using payroll software, you should be able to access these fe...
Where ‘payroll tax’ refers just to employer-withheld income tax, it is sometimes called Pay as You Go (PAYG) or Pay as You Earn (PAYE) tax. Under this definition, other compulsorypayroll deductionssuch as social security, workers’ compensation and pension contributions are not referred to ...
According to HMRC: “Your Personal Tax Account is a safe and secure place for you to check, update and manage your details with HMRC, online, any time. It brings together all your tax information in one place. Whether you need to make changes to the tax you pay or have questions about...
What is payroll tax? As an employer in the UK, understanding payroll tax is essential, as it involves taxes related to an employee's gross pay. By law, every employee is required to pay income tax and National Insurance based on their total earnings and individual circumstances. As the empl...
All full- and part-time workers and anyone receiving a private pension will have a tax code that is used to calculate how much income tax they pay. For employees who pay tax through the pay-as-you-earn (PAYE) system, the tax code tells an employer how much tax to take off before wa...
The new tax year (2025/26) begins. 19 April This is the deadline for the final submission of the 2024/25 tax year. 22 April This is the deadline for month 12 PAYE and online payment submission. By 31 May Your employees need to receive their P60s by this date. ...
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TaxTim Marc said: 7 April 2022 at 18:36 Hi Kavita, That's a great question thanks!Your employer will deduct Pay-as-you-earn (PAYE) on a monthly basis which is calculated on the amount of income you earn using SARS tables. Basically each month your income is multiplied by 12 and th...
One of these perks, which also doubles as a cornerstone of financial security for workers and their families, is group life insurance. Below are some important points that employers should remember when picking a plan that meets the diverse needs of their staff. ...
Is my UTR number on my payslip? If you’ve got a payslip or PAYE coding notice that HMRC sent you, you should be able to find your UTR number there. By the way, don’t worry if the payslip is 10 or 20 years old, as the UTR number won’t change, eve...