The Employment Law & HR Podcast
Taking on your first employee: Part 3 HMRC & Insurance

Taking on your first employee: Part 3 Registering with HMRC & Insurance

In this weeks' episode it is the third part of the mini series focusing on taking on your first employee and the considerations which apply with taking on any new employee. This week paying the employee & covering your business.

In this episode I will cover:

  • When you need to register as an employer with HMRC;
  • An easy way to check the minimum requirements; 
  • When to register; 
  • What Real Time Reporting is; 
  • How to submit your monthly reports to HMRC; 
  • What software is available to assist with this; 
  • What the minimum insurance requirements are;
  • What the penalties are for failing to have the correct insurance. 

Action Points

  1. Ensure that you check if you need to register as an employer;
  2. If you need to register, do so before you make the first payment to your employees; 
  3. Obtain employers liability insurance from an authorised insurer.

Helpful Information & Links

Check if you need to register here: www.gov.uk 

 

 

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http://newmediaeurope.com/2016/nmeu-awards-2016-stage-1/

Direct download: Episode_56.mp3
Category:general -- posted at: 1:00am EDT