Beware of HMRC delays when setting up PAYE direct debits
One of the professional accountancy bodies is warning that employers need to allow additional time to set up new variable direct debits for PAYE. Why?
HMRC’s guidance on PAYE states that employers should set up direct debits at least six working days in advance of the payment due date. Following an update on HMRC delays provided to the Institute of Chartered Accountants in England and Wales (ICAEW), it turns out that more notice is needed in order to meet the deadline. HMRC’s guidance has not been amended, but the ICAEW is warning that new variable direct debits need to be set up by:
- 10 March for PAYE due on 22 March; and
- 12 April for PAYE due on 22 April.
The recommendation is that employers set up new direct debits at least nine working days prior to the payment due date. This service is still relatively new and HMRC is working to improve the process.
Related Topics
-
New HMRC guidance on winter fuel payments
HMRC has released new guidance on the recovery of winter fuel payments. What do you need to know?
-
Festive tax breaks for remote workers
You’re familiar with the tax break for Christmas parties but you now have a few remote workers, and the company will need to reimburse their travel and accommodation costs if they attend an event. Which costs count towards the tax-free limit and how can you manage any overspend?
-
New process for some exports starting in Northern Ireland
Starting next month, businesses that import goods via Northern Ireland will need to change their processes. What do you need to know?
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.