PAYE registered companies are required to keep proper payroll records and give their staff payslips detailing their gross salary, PAYE deductions and net pay and how the net pay was paid to staff.
Your staff can make a compliant to Employment Tribunal if you failed to provide payslip to your staff.
Payslip should include the following information:
Gross pay is the amount of salary or wages your staff earns before you make any deductions. Gross pay comprises the basic wage and any other elements of pay due in the pay period, and may include elements such as:
- Holiday pay
- Statutory Sick Pay
- Maternity pay
Gross pay doesn't include items such as loans or advances in wages, expenses, or redundancy payments.
- Income Tax Deduction
- National Insurance Contributions Deductions
If you're intending to make any deductions, you need prior written consent from your staff in writing.
Net pay is what your staff left with after the PAYE deductions. Net pay is often referred to as take home pay.