Expenses and benefits: bonuses
What to report and pay
What you have to deduct, pay and report to HM Revenue & Customs (HMRC) depends on the kind of bonus you give your employee.
Cash bonuses (including vouchers exchangeable for cash)
The bonus you바카라 사이트™ve paid counts as earnings, so:
- add it to your employee바카라 사이트™s other earnings
- deduct and pay Pay As You Earn (PAYE) tax and Class 1 National Insurance through payroll
Non-cash bonuses
There are different rules depending on the item you give. Follow the reporting and payment rules for the specific item.
In certain cases you바카라 사이트™ll have to use PAYE when giving non-cash bonuses, eg if you give your employee something they can easily convert to cash.