Payroll tips for the festive season

It’s nearly time for the Christmas break and we’re sure you are all looking forward to a well-earned rest! Before you sit back and relax, we have some festive payroll tips for you to consider before hitting your out of office button…

Tips

  • The Full Payment Submission (FPS) date should be shown as normal pay date, in order to avoid benefit complications for your employees
  • Consider paying your employees early in December to help them out before Christmas
  • Review BACS deadlines considering bank holiday dates
  • Ensure cash bonuses are processed via the payroll and subject to tax and national insurance, and consider if they should be included within pension contributions
  • Consider if any non-cash awards should be subjected to tax
  • Start planning for New Year changes, including off-payroll working rules and employment allowance changes – watch this space for some of our upcoming blogs for more tips on this

Contact us

If you have any questions regarding the tax implications of staff entertainment, please contact Claire Brown on 0191 285 0321 or email claire.brown@taitwalker.co.uk.