Smarter accounting

December 2021 PAYE weekend payment date

9 December 2021, Charities, Companies, Employer, General, Sole Traders

Electronic payment deadline falls on a weekend

The December 2021 PAYE electronic payment deadline falls on Saturday 22nd January 2022.  To make sure your payment for December reaches HMRC on time, you need to have cleared funds in HMRC’s account by 21 January 2022 unless you are able to arrange a Faster Payment.

December payroll
Remember that it’s your responsibility to make sure your payments are made on time and if your payment is late, you may be charged a penalty.

To know what date to initiate your payment and make sure HMRC have it on time, you need to speak to your bank or building society well in advance of making your payment to check single transaction, daily value limits and cut off times.

We process our December pay early – what do we tell HMRC?

Many businesses pay their December payroll early. However, for employees who also claim Universal Credit, this can cause a problem.  See this earlier article on what to do if you pay your December wages earlier than usual.

Alterledger can help you

We provide a comprehensive service including payroll, VAT, annual accounts and tax returns.  Let us give you time back to do what you do best.  We can manage all your accounting needs and let you get on with your business.

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