Induction
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Register with HM Revenue & Customs (HMRC) as an employer.
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Obtain a PAYE reference number and set up a payroll system to calculate and deduct income tax and National Insurance contributions (NICs) from employees' pay.
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Decide on a pay period, such as weekly or monthly, and establish a payroll schedule that aligns with it.
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Keep accurate records of each employee's pay, including their salary, deductions, and any other payments or benefits they receive.
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Issue payslips to employees at each pay period, outlining their pay and deductions.
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Ensure that payroll taxes, such as income tax and NICs, are paid to HMRC on time.
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Keep records of employees' holiday entitlements and monitor their holiday requests to ensure they are in line with the company's policies and statutory requirements.
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Provide employees with paid annual leave and ensure they are paid at the correct rate during their time off.
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Ensure that employees receive the correct pay for any statutory leave entitlements, such as maternity or paternity leave.
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Keep up-to-date with changes to employment law, tax regulations, and holiday entitlements, and ensure that your payroll and holiday policies are compliant with these requirements.