You must register for payroll if you are employing someone, running a construction industry scheme or want to pay your self through limited company as director. As an employer you have duty to deduct proper tax and national insurance contribution and pay it to HMRC. You will also be liable to pay national minimum wage and keep records of payroll and human resource files. With increasing number of changes to payroll compliance by HMRC it is vital that employers should update themselves with the new laws coming in force in future. HMRC may make compliance visits to check if payroll records have been maintained and proper tax and national insurance has been deducted and paid.
COMMON QUESTIONS FOR EMPLOYER PAYROLL REGISTRATION
There are many questions which are commonly posed by small business owners who are registering as an employer for the first time.
Handling employer registration can be very challenging, however The Accountancy Solutions can help you to navigate your way through the complexities of the law. Contact us today and find out how we can help you.
Not every company is required to register as an employer, and being aware of what triggers the requirement to register will help to ensure that you comply with the regulations. You must register as an employer if you pay either yourself or another worker a salary per month that is over the threshold amount. If you are paying yourself or other employees an amount under the employer threshold every month, there is no need to operate PAYE and there is also no need to submit any monthly RTI returns to HMRC. If you meet the requirements for registration you can complete the details online in order for HMRC to send you a tax office reference number and an employer reference number. These details are essential for completing RTI submissions and company payroll.