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Tax Q&A articles tagged with term 'PAYE'

Q&A Offsetting trading losses against PAYE

Q: If, whilst employed and paying tax, I set up as a sole trader as well, can I offset any trading losses against the PAYE I pay through my self-assesment?

Q&A What is the difference between a P45 and P46?

Answered by

P45 forms and P46 forms both relate to PAYE tax matters.

Q&A What is RTI?

RTI stands for Real Time Information and is an initiative designed by HMRC which allows payroll managers to tell the Revenue about tax, National Insurance contributions (NICs) and other deductions

Q&A Will my payroll system be RTI ready?

It is highly unlikely that the current software used by businesses will be RTI ready as the changes are new and will not come into effect until April this year.

Q&A How many people are enrolled in PAYE?

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.

Q&A What are the common errors in PAYE?

Over 80 per cent of errors in employee data are due to incorrect names, birth dates or National Insurance numbers.