Tax reporting falls entirely on the shoulders of the employer – it is he who fills out the declarations and submits them to the regulatory authorities. The company must navigate the current tax legislation itself and promptly transfer the required percentage of the earnings of subordinates to the tax office and the Pension Fund.
The insurance contribution is paid separately if the employee’s weekly salary exceeds £ 166.
Situations when an employee for some reason did not receive a salary during a particular month are permissible – if there is no earnings, there is no tax. However, the tax office must be promptly notified of this, otherwise the lack of deductions can be regarded as an attempt to hide from paying taxes with predictable consequences.
A declaration with the amounts of wages paid is submitted to HMRC every month. The tax period according to UK labor law ends on the evening of the 5th – a new period begins on the morning of the 6th. The company’s salary expenses must be indicated with this periodization, and in a timely manner – for being late or not declaring at all, you can be fined. It is possible to avoid a fine for being late if the violator presents evidence of having a compelling reason for the violation.