Samuel Bromley 29/06/2023 Samuel Bromley 29/06/2023

Update on Employer Direct Debits

We want to remind employers who are setting up a recurring Direct Debit for paying employer PAYE that they need to do this at least 6 working days before the payment is due. For employers who pay monthly this falls on the 22nd of every month.

You can set this up when you log into your business tax account.

We have changed the system so that employers will not now receive a notification for late payment when they have paid by Direct Debit.

You might see late interest being charged if you log into your account between the 23rd and the date the payment is taken from your account, but this will be reversed once we have processed the payment.

If you have a tax agent, it is important to note that they are unable to set up a Direct Debit on your behalf. To do it yourself, you need to be enrolled for PAYE Online for employers.

Many employers whose agents send in real time information data on their behalf are not enrolled. Even if you have an agent acting and filing payroll on your behalf you can set up and use PAYE Online for employers yourself.

Samuel Bromley 05/06/2023 Samuel Bromley 05/06/2023

Termination Payments Legislation

Samuel Bromley 15/02/2023 Samuel Bromley 15/02/2023

You can set up a Direct Debit through your HM Revenue and Customs online account

You can set up a Direct Debit through your HM Revenue and Customs online account.

Pay your bill automatically

HMRC will automatically collect the payment from your bank account based on the amount in your return. You’ll only need to set the Direct Debit up once.

Set it up at least 6 working days before your payment due date.HMRC will usually take the payment either:

Shortly after the 22nd of the month

4 working days after you file the return (if you file it after the 19th of the month)

HMRC will tell you the date and amount no later than 3 working days before the payment is collected. The payments will show on your bank statement as ‘HMRC SDDS’.

Samuel Bromley 17/01/2023 Samuel Bromley 17/01/2023

Do you or your employees earn over £100,00.00 through PAYE

Do you or your employees earn over £100,000.00 through PAYE

If so, read below and call HMRC on 0300 200 3200 to let them know your earnings for the year. They will adjust your tax code accordingly to save any issues down the line.

Alternatively, sign into your Personal Tax AccountYour Personal Allowance goes down by £1 for every £2 that your adjusted net income is above £100,000. This means your allowance is zero if your income is £125,140 or above.

Samuel Bromley 06/01/2023 Samuel Bromley 06/01/2023

National Minimum wage Increases & New Statutory Maternity and Sick Pay Rates

The Government announced the rates of the National Living Wage (NLW) and National Minimum Wage (NMW) this comes into force from April 2023. In doing so, it has accepted in full the recommendations of the Low Pay Commission.