Tax Codes, PAYE Code

Tax Codes, PAYE Code

In this section we consider some of the most important tax issues for employers and employees. Is your tax code correct? – A Guide from Wimbledon Accountants The purpose of the PAYE system is to collect the right amount of tax from your earnings throughout the...
PAYE Late filing penalties

PAYE Late filing penalties

Main Tax Late Filing and Payment Penalties This article summarises the main tax late filing and payment penalties. In addition, you should be aware there are penalties for providing incorrect information. As a small business owner you will have to deal with a number...
Pay Staff Tax Free

Pay Staff Tax Free

Pay Staff Tax Free – Staff Suggestion Scheme This scheme is specifically allowed and provided for in the legislation. It is very simple to operate and works as follows… Employees can be rewarded for making suggestions that relate to your business...

PAYE Problems of Casual Workers

PAYE Problems of Casual Workers HMRC regularly raises questions regarding casual workers and the payment of them (or not!) through the PAYE system. Getting this wrong can cost a lot in the way of arrears of PAYE going back 6 years as well as interest and penalties....