News and Articles on Paye tag

How long to keep your PAYE records As a general rule, you should keep your records for a minimum of six years. However, if you are: • an employer, you need to keep Pay As You Earn (PAYE) records for 3 years (in addition to your current year) • a contractor in the Construction Industry Scheme (CIS), you need to kee Article Author: Harsh Shah Comments Read More
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PAYE Week 53 payments HMRC Employers and employees that are paid weekly, bi-weekly or four weekly and whose final payday of the 2013-14 tax year falls on 5 April 2014 are reminded that there is a possibility that they may underpay tax for the current tax year. This can happen where a ‘week 53 payment’ is Article Author: Smit Shah Comments Read More
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IT Contractors - Profit extraction by dividend payment Are dividends still a safe method of profit extraction for service companies? The recent high profile case over whether HMRC can charge PAYE and NI to dividends in the same way as salary, has collapsed after the company involved conceded defeat. What does this mean for you and your company Article Author: Smit Shah Comments Read More
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