Tel: 01908 566362
We offer a range of high quality accounting, financial and business services in and around Milton Keynes.
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.
Why not register to receive our monthly newswire? This is packed full of essential business news and handy tax tips to help save you money.
Our handy tax calendar provides an overview of the key tax dates for your diary.
B2B’s interactive tax calculators can be used to calculate VAT due, the taxable benefits on your company car and how much your savings are worth.
Keep up to date on the latest from the world of business and tax with our daily news stories.
15 Jan 2019
Data published by the Office for National Statistics (ONS) has revealed that UK economic growth decelerated in the three months to November 2018, expanding at its slowest pace in six months.
14 Jan 2019
Research carried out by online business finance supermarket Funding Options has suggested that UK small and medium-sized enterprises (SMEs) have to wait an average of 43 days to be paid by government contractors.
11 Jan 2019
HMRC has extended its Making Tax Digital for VAT (MTD for VAT) pilot scheme to all eligible businesses.
10 Jan 2019
From 9 January 2019, the government's new ban on pensions cold-calling takes effect.