Managing payroll for a UK team can be a headache, especially when navigating tax and National Insurance (NI) complexities. At OTG, we're experts at streamlining this process for overseas businesses.
Our experienced team tailors solutions to your specific needs, ensuring accurate deductions and compliance. Plus, our industry specialists offer valuable insights to optimise your payroll strategy. Let us handle the complexities, so you can focus on running your business.
Employers in the UK have multiple obligations that they must adhere to – here’s some key things that you need to know.
RTI, or 'Real Time Information', is a regulation requiring businesses to report payroll information to HMRC each time they process their employees' payments.
Employers must automatically enrol eligible employees into a workplace pension scheme and make contributions to their pension on each salary run.
Eligible employees who are too ill to work should receive a minimum of £116.75 per week as Statutory Sick Pay (SSP). The employer pays this for up to 28 weeks.
Nearly everyone classed as a worker is legally entitled to 5.6 weeks of paid holiday per year, also known as statutory leave entitlement or annual leave. So employees who work a 5-day workweek must receive a minimum of 28 days of paid annual leave.
Employee benefits, like a company car, private medical, gym membership etc., are a great way to attract talent but these must be declared to HMRC
Employers' liability insurance can cover legal costs and compensation if an employee sues due to a work-related injury or illness. It's legally required for nearly all types of businesses to have this insurance.
Statutory Maternity Pay (SMP) or Statutory Shared Parental Pay (ShPP) is paid for up to 39 weeks and is paid out in the same manner as employee wages. Both tax and National Insurance will be deducted and employees must be checked for their eligibility before this is processed.
Services
Payroll includes:
We partner with Telleroo for automated wage and HMRC payments. This can be added onto your package so that you no longer have to make multiple payments - instead you make one single payment each month which is then distributed to all team members following your payroll submission.
Schedule a free consultation to see how we can get payroll running for your Startup