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| PAYE reminder for large employers |
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HMRC have issued a reminder to large employers to prepare for important PAYE changes coming into effect in April 2009. From 6 April 2009, it becomes mandatory for employers with 50 or more employees to send certain in-year PAYE information online to HMRC. The new rules cover the following items:
To file online, employers must first register with HMRC's Online PAYE service - go to http://www.hmrc.gov.uk and click on 'PAYE for Employers' under the 'do it online' menu. Once registered, there are several ways to file: HMRC's free 'Online Returns and Forms' software; commercial payroll software; or the Electronic Data Interchange (EDI) - a secure phone line suitable for large numbers of forms. Alternatively, employers may use a payroll agent or bureau. HMRC's Simon Lidster said: "Filing in-year employee information online is quick, easy and convenient. As well as avoiding postal delays, the information is processed much faster by HMRC. This means employees' records and tax codes are updated more quickly, and they are much more likely to have paid the right tax at the end of the tax year. "If you're a large employer, it's a good idea to get online now, so you'll be well prepared for the changes."
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About The Author  Sarah Laing Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter, Taxes - The Weekly Tax News, the Red & Green legislation volumes, Hardman's, International Tax Agreements and many others. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences). Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms. She now works as a freelance author providing technical writing services for the tax and accountancy profession. |
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Article Added Friday, 05 December 2008 | 2303 Hits |
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