Food & Drink1 min ago
Another payroll help please, urgent too
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Taking on an employee who will be on £3228.25 pa. She has used up all her taxable allowance (647L). So I guess her net would be 2582.60 but I'm told this wrong.
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If your new employee has been paid monthly to date, most payroll systems calculate the tax free allowance of just under £540 per month, totalling £6475 over the course of the tax year, and not use up the whole allowance over a few months, whereas your calculation is based on deducting 20% from the gross pay.
If your new employee has another source of...
If your new employee has another source of...
00:59 Fri 24th Sep 2010
If your new employee has been paid monthly to date, most payroll systems calculate the tax free allowance of just under £540 per month, totalling £6475 over the course of the tax year, and not use up the whole allowance over a few months, whereas your calculation is based on deducting 20% from the gross pay.
If your new employee has another source of income, i.e. a pension which uses up the tax allowance, then you should be informed by HMRC to use a tax code of 'BR' (Basic Rate) for which no tax free allowance is given, and your calculation is correct according to the HMRC Tax Calculator.
If your new employee has another source of income, i.e. a pension which uses up the tax allowance, then you should be informed by HMRC to use a tax code of 'BR' (Basic Rate) for which no tax free allowance is given, and your calculation is correct according to the HMRC Tax Calculator.
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