Business News |
|
Don't Forget To PAYE on Time, Says HMRC
HM Revenue & Customs (HMRC) has issued a reminder on due dates for PAYE payments made electronically.
It says that to avoid paying late, HMRC must receive cleared funds by the due date, which is the 22nd of each month when payments are made electronically.
However, when the 22nd falls on a non banking day – a weekend or bank holiday –
HMRC must have cleared funds by the last bank working day before the 22nd.
HMRC says: “If you do not do so, you will be noted as paying late, and late payments for this tax year may result in a penalty being charged.”
LINK: payments and deadlines
Critical questions for your business
Are you paying too much tax?
Are you making enough profit from your business?
Would you like to be able to compare your business with others?
Are you looking for pro-active business support from your accountant?
Is your business where you want it to be?
Do you understand the numbers in your accounts?
Do you have a business plan?
Do you have a marketing plan?
Will your business meet your retirement needs?
Have you a succession, retirement or exit strategy?