[ˈpeɪrəʊl]
Payroll is a list of employees and the salary details of these employees. Employers must manage this list to ensure tax obligations are met.
Payroll is a list of Employees in a company and the salaries of these employees. In the United Kingdom, it is a legal requirement for employers to maintain accurate records of employee earnings and deductions.
Payroll is used to pay employees, calculate and deduct the correct tax obligations of employees, and report details to HMRC.
Payroll used to be managed exclusively by hand or with help by an accountant, but it is now more common to use payroll software, which provides accurate, easy-to-obtain and up-to-date information about employees and their salaries.
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