Payroll in the United Kingdom

The United Kingdom is a crucial launchpad for international businesses, with a globally renowned financial sector and home to the world’s most widely used legal system. While this makes the U.K. an appealing destination for multinationals, payroll professionals must also be aware of the country’s complex minimum wage and holiday pay laws as well as rapidly changing regulations.  We’re joined by ADP experts Sirsha Haldar and Ben May as they guide us through common compliance pitfalls and U.K. payroll regulations in this episode of Payroll Around the World. We’ll cover how minimum wage in the United Kingdom isn’t just about paying someone the correct hourly amount, and how holiday pay can quickly become confusing for seasonal and part-time workers. We also speak to Roberto, a minimum-wage employee at a cinema in London who takes on various roles at his job, which leads to regularly switching between different pay categories.  Timestamps Intro [00:06] What’s unique about payroll in the U.K.? [05:19] The U.K.’s labor market and its effects on payroll [06:37] Introducing the National Minimum Wage [07:55] Roberto’s story [12:43] Penalties for miscalculating the minimum wage [17:58] What is ADP doing to help clients stay compliant? [20:00] Complexities around holiday pay calculations [20:45] What do you love about working in payroll? [24:06]  Credits Executive Producers for ADP: Nicola Smith and Kate Allen Executive Producer for Storythings: Matt Locke Recorded, edited, mixed and mastered by: Chris Mitchell Scripted and hosted by: Luisa Rollenhagen Guest interview recorded by: Hannah Dean Project Manager: Aimee Perrinjaquet  Hosted on Acast. See acast.com/privacy for more information.