PAYROLL IN THE UNITED KINGDOM

Going for global growth? Here’s what you need to know about payroll if your business is expanding into the UK. While the UK’s world-renowned financial and legal systems are steadfast, the nation’s payroll regulations are complex and prone to change. The challenge is to ensure your payroll is compliant with them. Getting your payroll compliance right helps you deliver a positive employee experience for your team. Getting it wrong can result in financial penalties, investigation by local authorities and reputational damage.

As you’d expect, if the payroll and HR regulations in most developed nations are similar, it’s the ‘exceptions’ in each country that can add complications. In the UK, these complexities range from variable national minimum wage rules and calculating the correct holiday pay for those working irregular hours, to a tax year that’s out of kilter with most other nations by starting on the 6 April and ending the following 5 April.