Looking for PAYE Advice in the Harrow area?

Pay As You Earn (PAYE) is the system under which employers deduct an amount of income tax and national insurance contributions (NICs) from employees' wages, salaries, pensions and so on, in accordance with PAYE codes, tables and other instructions given by HMRC.

Employers have a legal obligation to operate PAYE if their employees' earnings reach the national insurance lower earnings limit. Operating PAYE can be a complex undertaking, which involves:

  • Calculating and deducting PAYE income tax from employees' pay
  • Deducting employee Class 1 national insurance contributions (NICs)
  • Paying the deductions to HMRC within set time limits
  • Paying employer Class 1 NICs to HM Revenue & Customs
  • Recording deductions
  • Showing tax and NIC deductions on an employee's payslip

Starting up in business?

When you take on an employee you must contact HMRC to register to set up a PAYE scheme for your business. HMRC will send you guidelines, including the necessary forms with which to operate the PAYE and NICs system.

All this may look complicated, and indeed operating a PAYE scheme can be challenging. Time spent running a PAYE scheme is also time you cannot spend making profits. Sterling in Harrow can help to ease your burden and provide peace of mind by operating your PAYE records for you.

Let Sterling take care of the PAYE burden

Our specialist team of tax experts can look after your PAYE records, ensuring that you are compliant with the PAYE and NIC regulations. The Harrow team at Sterling can also help you to:

  • Set up a PAYE system and register for PAYE
  • Comply with the necessary regulations.
  • Administer your payroll and PAYE
  • Determine an individual's employment status

With effect from April 2013, HMRC is introducing a new way of reporting PAYE, known as Real Time Information (RTI). Under RTI employers are required to submit information about the payments and deductions they have made when or before each payment is made, rather than at the end of the tax year.

Operating PAYE can be an onerous task for business owners. As specialist providers of PAYE services in Harrow, we can look after your PAYE records and ensure that your payroll operates in accordance with the necessary obligations, including the new Real Time Information requirements.

Please contact us if you wish to discuss PAYE and business tax or need PAYE advice in Harrow and the surrounding areas.