Payroll - an overview of basic procedures

payroll basic procedures

If you are an employer, you will be responsible for operating PAYE, calculating National Insurance Contributions and ensure that you make certain statutory payments, when the need arises.

In this fact sheet Payroll – Basic Procedures, you will find a useful summary of payroll, employer responsibilities and reporting requirements.

  • Read Time Information reporting
  • What tax do employers have to deduct
  • National Insurance Contributions (NIC)
  • Timing of tax and NIC payments to HMRC
  • Essential paperwork
  • Penalties for failure to comply
  • Pensions auto enrolment

If you would like to talk about outsourcing your payroll department to DRG, please do get in touch with our Payroll Team. They would be delighted to discuss your personal requirements and how we can help.

 

DISCLAIMER: This information is for guidance only, and professional advice should be obtained before acting on any information contained herein. We will not accept any responsibility for loss to any person as a result of action taken or refrained from in consequence of the contents of this publication.

 
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Donald Reid Group
18a King Street, Maidenhead, Berkshire SL6 1EF | T: 01628 760 000 | E: info@donaldreid.co.uk

"My company has used DRG for a number of years. They are proactive and efficient with all aspects of their work. They keep on top of our tax and accounting requirements, and help with the development of our business strategy.

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Burnham Garage