As an employer you will have to operate PAYE as part of your payroll.
PAYE is HM Revenue & Customs system to collect Income Tax and National Insurance from employment if your employees earn above a certain threshold.
The Income tax and National Insurance Contributions are deducted from an employees gross pay and paid to the HMRC monthly or quarterly. There are penalties for late submission of PAYE Returns and interest is charged by the HMRC on late payments.
PAYE in Real Time (PAYE RTI)
Employers and pension providers are required to tell the HMRC about the PAYE payments at the time they are made, as part of the payroll process.
We take care of the filing aspects and advise you on how much to pay your employees (net pay) and the HMRC (PAYE and National Insurance).
The costs of non-compliance and errors in payroll can be costly. As payroll specialists we can take care of the complexities of running an efficient payroll process.