How will my employees receive their tax credit payments in the 14/42 days lead in period before my responsibility starts?
A. We will make direct payments of tax credit to your employee until you take over responsibility for paying. These initial direct payments will be made into your employee’s bank account, or by girocheque, every two weeks, covering a period of a week in arrears and a week in advance. The lead-in period, besides giving you time to set up the payroll, eases the transition for employees who are paid monthly, 4 weekly etc., where they may have previously received tax credit via a weekly order book.
Related Questions
- Can employees use furlough days before they are accrued, since some employees will not have accrued enough days before the first curtailment period in December?
- If a company rents a room for 30 consecutive days or more and different employees occupy it during that period, is the company exempt from TOT?
- How will my employees receive their tax credit payments in the 14/42 days lead in period before my responsibility starts?