On Cloud 9 Payroll
Payroll is a very complicated process that involves four taxes
PAYE - Pay as You Earn
Employee National Insurance (EE NI)
Employer National Insurance (ER NI)
Pension – Auto Enrolment (AE)
Payroll is the biggest Earner for HMRC, 47% of its total income earner, so getting it right is important
Payroll is a very important tax, with 47% of the country's revenue coming from it.
On Cloud 9 Payroll Department will manage all these for you and your employees’ wages’
As an employer, you are responsible for collecting all the tax from HMRC with 2 of them being your liability
Employer National Insurance 13.8% of qualifying salary
Pension Contributions at 3% of qualifying salary
So, when employing someone, the cost is their salary + up to 17%!
A simple way of calculating this is an extra 2 months’ salary
e.g., An annual salary of £36,000 + £6,000 in taxes means they cost you £42,000
There is also Employer National Insurance payable on Benefits of 13.8% like medical insurance, gym membership, car even staff treats
Our Payroll Department can manage all these taxes and the processing of wages for you and ensure you pay the correct amount of tax.