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Post Info TOPIC: calculating holiday pay
gt1980


Newbie

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Posts: 1
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calculating holiday pay
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Hi all, hope you can answer a simple question please

when calculating cash in lieu of holidays to pay an employee, do you include car allowance when working out the day rate or not?

eg: £10000 salary and £4000 car allowance = £53 (using the divide by 260 method)

£10000 salary with car allowance discluded = £38

 

thanks in advance!



__________________
Cheshire


Master Book-keeper

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Posts: 8646
Date:
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Hi ???

So hows about an intro before we start. We always ask newbies!

Usual stuff - what prof body do you belong to, do you work for yourself or in a practice/ firm, who is your MLR with, are you a bookkeeper or accountant, what qualifications, how long in role, where up to in your studies-what exams passed/with what body/who your MLR is with/in midst of doing, where based, what you did before this role? That sort of thing. Helps get to know you but also how best to pitch answers.

Please also add your first name so that it shows on your posts - under the line (via profile--> Signatures (edit)

Technically not a bookkeeping Q, but a contractual / legal one.



-- Edited by Cheshire on Tuesday 10th of March 2020 04:42:08 PM

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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