Understand supported pay types and deduction types in QuickBooks Online Payroll
by Intuit•18• Updated 2 weeks ago
Learn about the various pay and deduction types available in QuickBooks Online Payroll. Understanding these options will help you accurately compensate your employees and remain compliant with UK regulations.
| This article is for customers who use QuickBooks Online Core, Premium, or Elite Payroll. |
Important compliance reminders
Before processing payroll, consider the following key points:
- Expenses and benefits: You must report certain employee expenses and benefits to HMRC at the end of the tax year, such as company cars, private health insurance, or travel and entertainment expenses. This is done using a P11D form.
- Record keeping: Always keep detailed records of all payments, benefits, and expenses. HMRC may require you to provide proof of these records.
- Tax and National Insurance on bonuses: Bonus payments are treated as regular earnings. You must deduct the correct Tax and National Insurance contributions and report them to HMRC.
- Overtime pay: You are only legally required to pay for overtime if it is stated in an employee's contract. The contract must also specify the overtime rate.
- Tax rates: For the most current information on income tax rates and personal allowances, refer to the official GOV.UK guidance.
Pay types
Choosing the right way to pay your employees is a key decision. Here’s a breakdown of the standard pay types you can use in QuickBooks.
Reimbursements
Reimbursements are non-taxable payments made to an employee to cover business-related expenses they have paid for personally, such as business travel.
Because reimbursements are not considered earnings, they are not subject to Tax and National Insurance and will not appear on tax reports. They are also excluded from calculations for percentage-based deductions.
You can create and name multiple reimbursement types in QuickBooks to suit your business needs.