HB Accountants

December

Paying PAYE On Time

From May 2010 you may have to pay a penalty if you do not pay the PAYE due each month, on time and in full.

The penalties will be a percentage of the amount you pay late. They will start at 1%, increasing to 4% depending on the number of late payments in a year.

There are also penalties of 5% if any of the PAYE due is still not paid after six months and again after twelve months.

You will not get a penalty if you have a reasonable excuse for being late or if you are only late once in a tax year.

Many of our clients have chosen to let HB perform all their Payroll duties for them, saving them time, money and taking away any worries.

For further advice, please do not hesitate to contact us on 01992 444466 or directors@hbaccountants.co.uk.
 

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