Initially becoming an employer for the first time is an exciting event. Employing staff brings with it additional responsibilities as well as an increased workload.
Registration with Her Majesty’s Revenue & Customs (HMRC) is fairly straight forward. Once the relevant information has been supplied HMRC will recognise you as an employer and supply you with lots of informational that will enable you to fulfill your statutory obligation.
All the information supplied will help you to produce, run and manage your own payroll. Taking the step to become an employer is an ongoing commitment to manage a payroll including the production of pay slips, charging the correct National Insurance contributions and handling tax codes.