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Payroll

As an employer, you normally have to operate PAYE as part of your payroll. PAYE is HM Revenue and Customs’ (HMRC) system to col-lect Income Tax and National Insurance from employment.

Payments and deductions
When paying your employees through payroll you also need to make deductions for PAYE.

Payments to your employees include their salary or wages, as well as things like any tips or bonuses, or statutory sick or maternity pay.

Deductions from their pay, you’ll need to deduct tax and National In-surance for most employees. Other deductions you may need to make include student loan repayments or pension contributions.

Reporting to and paying HMRC
If you run payroll yourself, you’ll need to report your employees’ pay-ments and deductions to HMRC on or before each payday.

You’ll need to send another report to claim any reduction on what you owe HMRC, for example for statutory pay.

Other things to report
As part of your regular reports, you should tell HMRC when a new employee joins and if an employee’s circumstances change, for ex-ample they reach State Pension age or become a director.

You must run annual reports at the end of the tax year - including tell-ing HMRC about any expenses or benefits.


Please contact Priority Accountancy to assists with followings:

  • Monthly or weekly RTI submission
  • Employees’ payslips
  • Statutory sick pay and Maternity pay
  • P11D benefits and P9D expenses returns
  • Annual pay summary – P60s
  • Dealing with employees leaving (P45) and joining (P46)
  • Student loan
  • Tax efficient remuneration strategies
  • Monthly CIS returns
  • Provision of analysis of staff costs
  • PAYE related tax planning advice