Page 33 - LITRG_PA-final-2018

Final thoughts

In this final chapter of our introductory guide we look at two very important
parts of the payroll cycle. These will stay the same, regardless of how you choose
to run your payroll.
• Paying HMRC
• Giving your employee a payslip.

Paying HMRC

Employers normally have to make payments to HMRC of tax, NIC etc. by:
• the 19th of each month for the tax month just ended (e.g. by 19th May for
the tax month running from 6th April to 5th May) for those paying by post.
A cheque for the total amount due for the month must be received by HMRC
Accounts office with an accompanying payment slip – supplied by HMRC
or
• by the 22nd of each month for electronic payments, e.g. direct debit,
debit card, BACS or CHAPs payments, internet/telephone banking and Faster
Payments. Electronic payments do not have to be accompanied by a payslip,
but you must be careful to use the correct reference so your payment can be
allocated correctly.

For more information on paying HMRC see our factsheet ‘Making payments’.
You can download this factsheet from our website at:

www.disabilitytaxguide.org.uk/about/resources

Penalties

Please note that failure to make payments on time can mean you have to pay
interest on overdue tax. There are also penalties that HMRC can charge if you fail
to submit forms on time or do not keep proper records. It is important that you
are aware of this.
You can find out what happens if you don’t keep proper records here:

www.gov.uk/paye-for-employers/keeping-records

You can find out what happens if you don’t report payroll information on
time here:

www.gov.uk/what-happens-if-you-dont-report-payroll-information-on-time

You can find out about interest and penalties on late payments of PAYE and
NIC here:

www.gov.uk/running-payroll/paying-hmrc

page 33 Taking on a personal assistant – a basic guide • Final thoughts