PAYE/NIC Late Payment Penalties
As you may be aware, since May 2010, HM Revenue is charging penalties for late payment of PAYE and National Insurance Contributions (NICs). This also
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Payroll & PAYE
Tax Treatment Payments on Termination of Employment
In certain circumstances, a lump sum payment to an employee on the termination of their employment may be tax-free. Where tax-free treatment is available it’s
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Corporation Tax Deductibility of Year End Bonuses
The application of accounting standards is important in the determination of a company’s taxable profit. Therefore, HM Revenue & Customs has recruited significant numbers of
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Main Tax Late Filing and Payment Penalties
This article summarises the main tax late filing and payment penalties. In addition, you should be aware there are penalties for providing incorrect information. As
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Step-By-Step Guide On The Basics of PAYE
In the UK, the PAYE (Pay As You Earn) system is a straightforward way for HMRC to collect income tax and National Insurance contributions from
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PAYE Problems of Casual Workers
HMRC regularly raises questions regarding casual workers and their payment (or not!) through the PAYE system. Casual workers often face unique challenges, especially when it
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