HMRC tightens up the rules
HMRC has confirmed that the temporary relaxation of when PAYE information is reported will end as planned on April 5th 2016.
The relaxation allowed businesses with 9 employees or less to report PAYE information ‘on or before’ the last payday in the tax month.
This means that PAYE reporting must take place ‘on or before’ each payday in the new tax year.
More details can be found on the Running Payroll section of the HMRC website.
If you find managing all the of the PAYE rule changes a hassle why not use our Payroll Bureau service? It’s a low-cost way to make your life easier and ensure you stay compliant.
Set up an appointment to discuss your needs today. Call 01384 235549 or email email@example.com.
Lewis Smith & Co. – Accountants for Pensnett businesses.