Employment Allowance increase to £5,000
6 April 2022, Companies, Creative Industries, Employer
The employment allowance enables most employers to claim a £5,000 deduction against National Insurance Contributions.
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. Remember that […]
December payroll – do you pay it early?
1 December 2021, Charities, Companies, Employer, General, Sole Traders
Many businesses pay their December payroll early. However, for employees who also claim Universal Credit, this can cause a problem. What if the normal payment date falls on a weekend? If you pay your employees on the same date each month e.g. 28th, this date will sometimes fall on a weekend. In November 2021 the […]
Can my company pay my personal phone bill?
21 November 2021, Charities, Companies, Creative Industries, Employer, General
It is tempting to have your company pay personal phone bills, but this article will alert you to some of the pitfalls. On the face of it you might think you save money on a cheaper personal contract. However after considering the VAT, income tax and National Insurance you might be better off on a […]
Monthly PAYE payments or quarterly payments?
15 May 2019, Employer
How to pay your PAYE to HMRC The easiest way to pay your PAYE to HMRC is by bank transfer. The bank details for HMRC are shown below. You’ll need to use your 13-character accounts office reference number as the payment reference. You can find this on either: the letter HMRC sent you when you first registered […]
