How are rates calculated in Holiday Trading? For UK only

See the below formulas that are applied when trading holiday days and hours.

Note: Clients should check the percentage of the Threshold on their scheme in case their employees are stopped from applying at a higher rate than expected.

Trading Days Formula

£00,000 gross salary / 52 weeks in a year = £00,000 gross salary per week / 5 working days per week = £000.00 daily rate (e.g. employees’ gross salary per day = how much buying a day would cost him/her)

Trading Hours Formula

£00,000 gross salary / 52 weeks in a year = £00,000 gross salary per week / 40 working hours per week = £00.00 hourly rate (e.g. employees’ gross salary per hour = how much buying an hour would cost him/her)