At a glance
Pay frequency: Most companies pay monthly, usually at month end.
Deductions: Income tax and social security contributions are taken from salaries.
Records: Payslips and payment records should be stored for audit and reference.
Reports: Monthly filings are submitted to the tax and social security offices.
Extras: Bonuses, overtime and leave payments are usually calculated separately.
A well-organised process helps employees get paid accurately and gives employers more peace of mind at year end.
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