Payroll and PAYE Compliance
HMRC requires employers to operate PAYE in the monthly payroll. PAYE is a process established by HMRC to collect HMRC Income Tax and HMR National Insurance contribution from employment.
There is certain threshold and conditions which determines for a business to register for PAYE. Bens team is capable of assessing the HMRC Payroll and PAYE requirement for businesses. We offer monthly processing of payroll, calculating PAYE liabilities and filing.
An employer having employee(s) is liable for running the payroll on each pay day, file appropriate reports with HMRC and pay the deducted income tax and national insurance to HMRC.
Payroll & PAYE Process
Standards monthly payroll processing ensures complete compliance, timely filing, and less exposure.
usually month end
Payroll on set Payday
Our professional team will run your payroll on the chosen pay day. We need payroll detail summary at least 3 days ahead of pay day.
Last day of the month
Processing at Bens back office
Last day + 1
Processing at Bens back office
first week
NI & Income Tax assessment
Bens team share income tax and national insurance assessed liability
Last day + 3
26 Salsa Ave, New York NY
monthly or quarterly
PAYE payments
Bens team and client coordination to discharge the PAYE liabilities
Pay as per HMRC timelines
Close coordination, payment and closure
Process on time
Pay on time
File on time
Stay compliant
CIS Management
for Contractors and Sub-contract
If you are working as a contractor or sub-contractor, you must comply with HMRC CIS requirements. Its called 'Construction Industry Scheme'.
Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HM Revenue and Customs (HMRC). The percentage of deduction depends upon the CIS registration status of the contractor/subcontractor.
The deductions count as advance payments towards the subcontractor’s tax and National Insurance.
Contractors must register for the scheme. Subcontractors do not have to register, but deductions are taken from their payments at a higher rate if they are not registered.
It is vital for a business to account for the CIS deductions, maintain proper records and reconcile it with CIS vouchers to adjust against the net payable taxes.
Who is a contractor or subcontractor
A business is considered as contractor when:
- you pay subcontractors for construction work
- your business does not do construction work, but you have spent more than £3 million on construction in the 12 months since you made your first payment
A business is categorized as subcontractor if it does construction work for a contractor.
It is mandatory to register for CIS as:
- a contractor if either of above conditions applies to you
- a subcontractor if you do construction work for a contractor, or
- as both, if you fall under both categories
CIS covers most construction work to:
- a permanent or temporary building or structure
- civil engineering work like roads and bridges
For CIS, construction work includes:
- preparing the site - for example, laying foundations and providing access works
- demolition and dismantling
- building work
- alterations, repairs, and decorating
- installing systems for heating, lighting, power, water, and ventilation
- cleaning the inside of buildings after construction work
Rise to the top
CIS Registration
Business working as a contractor or sub-contracts must register with HMRC for CIS to avail benefit of tax deduction at source of 20% vs. 30% if not registered. If you are self employed, such taxes can be adjusted against PAYE tax to take advantage.
count on us
The Tax Experts
CIS compliance is a complex subject, it needs a real time coordination of contractor and sub-contractor to generate CIS documentations whcih will be base for the tax calculation to avail the advantage, we suggest, leave it on our tax experts to take care.
Compliance
Filing and Claiming
Both contractors and sub-contractors must file the CIS calculations with HMRC with relevant authentic document, called CIS vouchers. Bens tax team is expert in optimizing PAYE and CIS tax liabilities, contact us today.
Key Services
Bens Advisory is a one stop accounting, tax and business advisory. Any registered business or individual if earn income on individual basis, need one of the following services to stay compliant in UK with respect to HMRC and Companies House.
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