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End of Financial Year Bonuses: To Pay or not to Pay? February 19, 2018. As we approach the end of the financial year, many businesses will be paying their employees a bonus for their hard work and dedication whilst in other businesses, no bonuses will be paid at all.
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Year-End Bonus: A reward paid to an employee at the end of the year. Many year-end bonuses are tied to performance metrics and the amount can vary depending whether certain milestones are met.
As an employer providing bonus payments to your employees, you have certain tax, National Insurance and reporting obligations. This includes both cash and non-cash bonuses.
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