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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Government rushes through NI cap on pension salary sacrifice
The government has already drafted legislation to impose a £2,000 limit on NI exempt pension contributions under salary sacrifice arrangements. What else do we know?
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Sneaky change is a blow for side hustles
With most of the media focused on the headline-grabbing announcements from the Budget, a read of the published small print reveals another change coming in 2029. It’s bad news if you are an employee with a side hustle, but what’s going on?
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Sole Trader Versus Company - Beta Test
A calculator for working out your business profits as sole trader or a company
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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