Santa usually pays his elves a bonus at Christmas time. Are bonuses included in the calculation of an employee’s annual holiday pay?
This depends. Two rates are used to work out an employee’s annual holiday pay: “ordinary weekly pay” and “average weekly earnings”. Once each is calculated, the higher of the two is used as the rate of payment for annual holiday pay.
Continue reading Taxing Christmas bonuses
More changes to payroll – yes, more! With the constant changes and complexities involved in calculating wages it often amazes me when organisations relegate the responsibility of Payroll to some poor monkey who hasn’t a hope of getting it right (no need to mention Novapay here). Thankfully the changes are pretty minor this year and here’s what you need to know: Continue reading More payroll changes