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Employers in the Milton Keynes area should be aware of the legal requirements concerning payslips – here is the B2B Business Advisors Limited guide to the essentials…
Most employees receive payslips and take them for granted, but what are the legal requirements?
All employees, including those working part-time and temporarily, are entitled to receive a written payslip on or before their pay day. The Employment Rights Act (ERA) sets out the required contents of a payslip:
In practice, most employers give much more information than the basic statutory requirements. For instance, it is obviously good practice to analyse gross pay to show:
It is also usual to show the period covered by the payment, and the date of payment.
You can significantly reduce queries from employees by giving basic details such as:
If you are an employer in the Milton Keynes area we can provide support and advice – contact B2B Business Advisors Limited.
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Keep up to date on the latest from the world of business and tax with our daily news stories.
22 Mar 2019
Trade association UK Finance has revealed that more than 84,000 bank customers fell victim to so-called bank payment scams in 2018.
21 Mar 2019
With Making Tax Digital for VAT (MTD for VAT) set to take effect from 1 April, HMRC has warned UK businesses that the registration procedure will take up to seven days to complete.
20 Mar 2019
The government has published additional documents containing advice on Brexit for UK small businesses.
19 Mar 2019
A group of MPs has called on the government to tax the profits of social media businesses.