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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Full Definition of Withholdings



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Withholdings FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

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https://payrollheaven.com/define/withholdings/
Modern Language Association (MLA):
Withholdings. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 20, 2019 https://payrollheaven.com/define/withholdings/.
Chicago Manual of Style (CMS):
Withholdings. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/withholdings/ (accessed: September 20, 2019).
American Psychological Association (APA):
Withholdings. PayrollHeaven.com. Retrieved September 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/withholdings/

Definition Sources


Definitions for Withholdings are sourced/syndicated from:


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