Many small businesses pay HMRC quarterly. For these employers, the first payment deadline of the tax year is now approaching.
Form P11D is a tax form filed by UK employers for each director and for each employee earning over £8,500 per year, and sent to the tax office with which their PAYE scheme is registered.
The launch of Real Time Information (RTI) experienced computer system crashes at HMRC as it struggled with a flood of data.
Small companies are struggling to face increases in payroll costs as the biggest shake up to the PAYE system in 70 years approaches.
Today there are more than 30 million people involved in PAYE. That figure is more than double the number in 1944 which is around the time it was first brought in.
HMRC has started counting down to the day when Real Time Information (RTI) changes apply to PAYE systems.
In this article we cover taxes relating to employees, VAT, PAYE, the Annual Investment Allowance, capital allowances, National Insurance and business rates.