Payroll

HMRC are replacing reporting of employee expenses and benefits on a P11d after the end of each tax year. From April 2026 it will be mandatory to report

One aspect of your business to consider outsourcing is payroll. Payroll becomes more complex each year with new rules and regulations to know and remember.

If you provide health insurance the premium you pay is a tax deductible expense, however all the employees and directors who receive this benefit will have to pay tax on the value of the benefit.

As an employer you are responsible for ensuring your employees are paid at least the National Minimum Wage. The rates of pay have increased from 6 April 2024 and are shown below.

If you have employees who earn less than 123 pounds per week, do not receive any benefits and do not have another job you do not need to register as an employer and run a PAYE scheme, but