When you’ve register a company name , you may want to register for Pay as You Earn (PAYE). Whether or not you've had a recent change of company director, when you sign up for PAYE, the director may take a salary, of which £8,632 is completely tax and national insurance-free (provided the director receives no additional income from other sources). For all the necessary information on how to set up PAYE, we can help!
Yes. HMRC operates a real-time information system where you and your employees' salaries must be disclosed.
No. The annual scheme allows a company to submit an annual payroll and for a director to take their salary in one month. This is particularly useful for small companies where the directors are the only employees and are taking small salaries. By submitting payroll annually, a director can save valuable time and cut down on administrative tasks.
To set up a payroll, you have two options. You can apply to HMRC directly or we can set it up on your behalf.
As soon as payroll registration is complete, HMRC will expect regular submissions (either monthly or annually).
Please note that if you want to run an annual payroll, you must notify HMRC or you run the risk of fines for non-submission. When setting up your payroll, we can inform HMRC of how you’d like to disclose your and your employees’ salaries.
We offer seamless PAYE registration services with HMRC, ensuring your business is set up to handle employee payroll and tax obligations smoothly. Our expert team manages the process for a hassle-free experience.
We offer seamless PAYE registration services with HMRC, ensuring your business is set up to handle employee payroll and tax obligations smoothly. Our expert team manages the process for a hassle-free experience.
Just call us and speak with our friendly company registration expert. We will complete your order by phone or guide you step by step.