SMALL BUSINESS PAYROLL EXPLAINED! (UK BASICS)

Thinking of taking someone on, or just paying yourself as a director? Then it’s likely you need a payroll (PAYE) scheme.

In this video Dan runs through the basics of how it works and the key points you need to consider.

Topics include:

How to run payroll in the UK
How to run payroll on HMRC
Payroll and HMRC
Real Time Information (RTI) reporting
Workplace pensions explained
PAYE explained
Directors payroll
Directors pay

..... and more!

HMRC Links:

You can see more about what we get up to on the following:

[IvarTheBoneless]

You've no idea how helpful this has been and I have absolutely been the numpty you described throughout the video haha

[IlonaJosiane]

Found your post interesting to watch. I can't wait to see your new videos soon. Good Luck with the upcoming update. This YouTube channel is very informative and effective.

[mygaraj]

Thanks for this helpful video. Do you have one on how to process salary advance(loan) and deduction

[JonByrd]

Hi Dan - thank you for this! Where do Student Loans for employees come into this / how do these get paid?

[umagongdi]

You are amazing! What if I didn't want to employ through paye but using freelancers? Would I just pay them directly no paye?

[bawarmohamed]

as a computing student thats about to enter this business as a it technician what tasks should be expecting to take as someone who is seting a payroll business up what tasks am i supposed to do im abit confused and usure

[banana]

Hi. I have a limited company. The company failed basically as soon as we set up. We havent earnt anything and never had a PAYE. Do we have to inform hmrc about not needing a p11d

[ChristianJackkk]

Hi Dan,

Really useful thanks mate.

Just a question on directors; can I add any numbers of directors I like?

I read that I can add directors who are one up/down, one left/right in my family tree. I’d like to add both my parents and sister who aren’t earning so I can introduce this cost to my business.

Is this possible? Thanks mate

[londontrada]

Are there any costs for using pay roll with HMRC? Assuming I do all the work myself and use free software.

[georgegoddard]

Sounds like a lot of hard work!why not go through a payroll company they do all that ! You would be there all bloody day !

[db_]

Thanks, i need to pay someone who is self employed part time how do i do this as payroll systems are just coming up with national insurance when in theory i need to put there utr down? There not on the books

[fareed]

where is the link to free software?
also, can you show a step by step procedure how to register with HMRC as an employer

[KevinRhodes-vi]

Hi Dan - really helpful thanks. I am a new Ltd company and ran my first quarterly payroll this week using HMRC's free software (I am my only employee). The net pay has come out higher than the gross pay due to tax deductions made in April when I worked via an umbrella company. I assume that I pay myself the net salary including the tax rebate, but how does my business get the rebate from HMRC (£189)? I know how to pay any outstanding monies to HMRC but there is no guidance on how to claim a rebate that my business is having to pay. Any guidance would be much appreciated. Thanks, Kevin

[AmcPlumbing-ws]

BUT HOW DO I RUN PAYROLL- on what software? Im using GOV basic PAYE but where do I put my empoyees bank details?

[moaadzahri]

You are the best. Can I choose to pay my self from my limited company a total of £18600 as self-employed with having to register for pay-roll?

[bsf-g]

Thanks Dan, but how to generate payslip for 1-2 staffs? How I know The Tax Code?

[itsmeethel]

Can I apply for Payroll scheme later months after starting a Ltd company and just declared it dividend ? Thanks

[marinawoo]

Hi Dan, if I pay myself as a sole director of the company just £500 p/m and take some dividends, do I need to register for PAYE? I already do Self Assessment yearly because I am self employed in another business so I have a Pension already. Can I declare my salary on my Self Assessment instead or do I still need to register my company as an Employer?

[nilesh]

I am from India. Are there any online Uk Payroll certifications which are recognised and has a good worth as CIPP?

Because CIPP appear little costly

[asadquayum]

what were you doing aged 26 with your life?