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Week 53 adjustments

Written by Administrator on January 20, 2016

Week 53 – Is this the most complicated part of the PAYE system?

Have you noticed this year a box called Week 53 ticked on your P60?

It could be ticked if you are weekly, fortnightly or paid every 4 weeks and your payroll date is a Thursday.  And if ticked, this gives you bonus tax credits – but if dealt with incorrectly this could hit you with an underpayment.

The Tax impact of Week 53 adjustments can approx. 200e for weekly and

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