× Home

Top Authors Top Articles Why Submit Articles? FAQ

Login Register Forgot password?

PAYE Settlement Agreements

By:   |   Jul 08, 2018   |   Views: 14   |   Comments: 0

Whilst all benefits and expenses do, in theory, have to be reported to H M Revenue and Customs via form P11ds and form P9ds each year, there are certain items which the Revenue accepts need not be reported. This can be a benefit for payroll services departments although it is safest to get agreement in advance from the Revenue in order to avoid any potential repercussions at a later date.

The basic requirements are that the benefits are only minor, given at irregular intervals and it is agreed (with the Revenue) that it is impracticable to deal with them in any other way. A business should never make assumptions that anything does qualify for such an arrangement however, as mistakes can be costly. If things are not done properly, there may be a charge for interest on tax paid late and even penalties for the business involved.

Working in payroll services can often be a thankless task, particularly in small to medium size businesses. Often the task of operating payroll is given to an individual such as the managing director's secretary or assistant and they are expected to do it in addition to their normal duties. There seems to be an assumption that it will only take an hour or so a week, so does not require a full time employee or a payroll outsourcing company. In practice, as anyone in payroll services will tell you, it is far more involved than that.

The outsourcing of payroll services has gained in popularity as everybody's time becomes more valuable. We at Dataplan are able to offer an economical solution to your payroll by managing your payroll services for you. We are able to plan a seamless takeover of your payroll and keep costs to a minimum, which is essential in the smooth operation of any business.

Was this helpful?
Thank you!

More from Albert Hill

The Best Way To Prevent Wrinkles And Maintain Healthy Skin

What if I told you that the best way to prevent wrinkles is to follow some simpl...

By: Albert Hilll Uncategorizedl Jul 08, 2018 lViews: 125 lComments: 0

The Best Anti Aging Skin Ingredients Are Natural, Effective & Affordable

Lets face it, realistically we all want the best anti aging skin ingredients tha...

By: Albert Hilll Uncategorizedl Jul 08, 2018 lViews: 49 lComments: 0

The Anti-Aging Ad Arena Skin Care Selling Targets the Boomers

It suddenly looks that everywhere we look, there are "anti-aging" product being...

By: Albert Hilll Uncategorizedl Jul 08, 2018 lViews: 49 lComments: 0
Add new Comment

* Required fields