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ISSUE 6
Bank and Public holidays For the second year running, Christmas Day and there are no substitute days. So when are the Christmas and New Year Ba For England Wales and Northern Ireland m Date Day of the we 25 December 2024 Wednesday 26 December 2024 Thursday 1 January 2025 Wednesday
For an employee with a week 1 / month 1 tax code, divide their holiday pay for each of the weeks and work out the PAYE separately. In both of these cases the tax period is advanced to reflect two weeks payment and the FPS reports that the number of periods covered is two for two weeks. For weekly payroll only (not two weekly, fortnightly, four weekly, lunar or monthly multiples) there are special NIC procedures to follow using either of two methods: Method A – Split the payment for each week and work out the NIC due on each individual week. This is only permitted for weekly payrolls Method B – Work out NIC on the whole sum based on the number of periods being used. This method can be used for any pay frequency. “An employer may provide employees with a seasonal gift, such as a turkey, an ordinary bottle of wine or a box of chocolates at Christmas. All of these gifts can be treated as trivial benefits.”
And for Scotland: Date 2 December 2024
Day of the we
Monday
25 December 2024 26 December 2024
Wednesday
Thursday
1 January 2025 2 January 2025
Wednesday
Thursday
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