PAYE compliance review audit checklist
If you receive a letter telling you that HMRC wants to carry out a compliance review of your payroll records, use our checklist in advance of HMRC’s visit to review your records so that there are no surprises on the day.
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Free childcare for company owners?
You’re an owner manager and your daughter is due to start nursery. You understand that working parents can get free childcare but a friend said this isn’t available if you only pay yourself dividends. Is this true and what can you do to qualify?
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CT61
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Getting the NI on benefits right
Getting the National Insurance (NI) treatment of employee benefits wrong remains a common issue for employers, particularly where the benefits are payrolled. Errors can lead to underpaid NI and potential compliance action. What should you check?
Prepare for a visit
HMRC has a legal right to inspect your payroll records to confirm that you are paying the correct amount of tax and NI. It sees these visits as a chance to make some easy money. Most PAYE inspections result in some mistakes being found and HMRC will often calculate the “lost” tax and NI over a period of four years plus the current year. This period may even be extended if it suspects that tax has been withheld on purpose. It may also seek penalties, although these will normally depend on the size of the error and how much the employer co-operates. Use the PAYE Compliance Review Checklist to help prepare for an impending visit.
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