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RTI - Key features Each time you pay an employee, you report details "on or before" the payment to HMRC, using payroll software;   This is done with a Full Payment Submission (FPS);   This includes:   Employee details; Payment details; Deductions of IT and NIC's; Starter and leaver dates.   What about employees below the LEL? Still include them…
Head over to our Tax Resources page where you can view the latest tax tips & news, download various HMRC & Companies House forms and use our tax calculators too.
Penalties for late filing As the filing dealdline has now passed for your 2011/12 tax return, if you did not file in time HMRC will issuing penalties. Here are some of the penalties that could be on the way: 1 day late - £100 fixed penalty whether you owe tax or not 3 months late - £10 per day up to…
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