A P45 is a document showing how much tax you pay every month. But what happens if you change job? You might find yourself being taxed twice over. If you don’t provide your new employer with a P45, you risk paying double tax – once on the money you earn while working there, and again…
The government introduced the National Minimum Wage and National Living wage rates in April 2016. These are designed to ensure that low paid workers receive a decent standard of living. They apply to everyone working in the UK including those employed by businesses that don’t provide accommodation. The National Living Wage rate is set at…
Do you have an employment contract? A verbal contract of employment is usually easier to prove than a formal written one. However, it is still necessary to have a signed document detailing the terms of employment. This includes the length of the term, the duties undertaken, who is responsible for paying wages, etc. In addition,…
Giving to charities via payroll deduction can save you money on income tax. In fact, it can even help you earn some extra cash. If you are eligible to make charitable donations to registered UK charities, you could receive a tax rebate. This is because your employer matches your contribution, so long as you donate…
Most employers will give you these free of charge. They include things like holidays, sick pay, maternity/paternity leave, pensions, childcare vouchers, gym memberships, health insurance, etc. You might even receive money towards your rent or mortgage. Some employers offer them without asking. This could mean that you don’t need to fill out anything at work,…
The UK Government has published an employment-related securities bulletin which provides information and updates about developments relating to employment-related securities. This includes guidance on how employers are required to comply with the requirements of the Employment Rights Act 1996, and what steps they must take to ensure compliance. This bulletin covers the following topics: –…
There are three main types of terminations: voluntary termination, involuntary termination and discharge without cause. If you are terminated, it is important to understand what happened and how much you owe. Voluntary Termination: This kind of termination occurs if both sides agree to terminate the contract, i.e., the employee agrees to leave voluntarily and the…
The Payment of Employment Taxes Act (PAYE) requires employers to submit payroll data to HMRC electronically every month. This is called “real time information” or RTI. Employers must use one of three methods to submit payroll data to PAYE. These are: 1. Directly to HM Revenue & Customs (HMRC). 2. By electronic transfer to HMRC….
Tracking emails helps you see if employees are actually working or just surfing the web while you’re away. Time tracking apps help you see how long each employee spends working on tasks. Task management apps keep track projects and tasks. Self reporting tools allow employees to report themselves on their own hours. How to Keep…
The employment allowance is paid to employers where employees work part time due to ill health. There are three main types of employment allowance: • Class 1 – This covers people who are unable to work because of illness or injury. • Class 2 – This includes those who are too unwell to work full…