Pay As You Earn Tax (PAYE)


Pay As You Earn Tax Accounting Services

The Pay As You Earn tax system is a method of paying your income tax and national insurance contributions. Tax and national insurance contributions must be deducted from wages or occupational pension before payment.

The legislation governing Pay As You Earn tax (PAYE) and National Insurance contributions (NIC) is becoming complex. Errors or omissions may be made that could lead to further enquiries from HM Revenue & Customs or a full PAYE investigation.

All errors discovered on the PAYE audit and compliance visits are reported to the inspector dealing with your business’s tax matters. That inspector has the authority to launch a full investigation into your own and your business’s tax affairs.

Our payroll services can fulfil all your payroll requirements, ensuring that your PAYE is always accurate. We will also prepare your end of year returns and make certain that you meet all your compliance obligations.

P11Ds and P11D(B)

As part of our payroll services, we can undertake the preparation of forms P11Ds and form P11D(B), calculate the Class 1a liabilities and submit these to HM Revenue & Customs within the statutory time limits.

We can also provide advice on pay packages involving benefits in kind to minimise tax and NIC wherever possible.

For a free consultation or if you wish to know more about our PAYE services. Please contact us.