Define: Withholdings

UK Accounting Glossary

Definition: Withholdings


Quick Summary of Withholdings


The amount of money that’s withheld from an employees salary and paid (by the employer) to the correct authority. Some examples include pension schemes and national insurance.



What is the dictionary definition of Withholdings?

Dictionary Definition


  1. The deduction of taxes from an employee’s salary.
  2. The tax so deducted, and paid to the local or national government.

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https://payrollheaven.com/define/withholdings/
Modern Language Association (MLA):
Withholdings. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 27, 2020 https://payrollheaven.com/define/withholdings/.
Chicago Manual of Style (CMS):
Withholdings. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/withholdings/ (accessed: February 27, 2020).
American Psychological Association (APA):
Withholdings. PayrollHeaven.com. Retrieved February 27, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/withholdings/

Definition Sources


Definitions for Withholdings are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th December 2018.