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HMRC Penalties

HMRC has revised their penalty system and has published a leaflet that explains the new system for tax errors. The penalties includes Income Tax, VAT, Employers paying PAYE, National Insurance contributions,  Corporation Tax, Capital Gains Tax and the  Construction Industry Scheme.


Penalties - HMRC has published a leaflet that explains the new system for tax errors. 
www.hmrc.gov.uk £100 x number of months (including any part months) from the due date, to the date the P35 annual return is recorded as received Multiplied by the number of groups of 50 employees or sub-contractors
www.ukimmigration.com It is a criminal offence to employ anyone aged 16 or over who has no right to work in the UK.  There is an automatic penalty of up to £10,000 for non compliance for each employee.
National Minimum Wage Act 1998 It is illegal for an employer to pay less than the minimum wage. The amount of the financial penalty is twice the hourly amount of the national minimum wage for each worker to whom the failure to comply relates for each day during which the failure to comply has continued in respect of the worker.

 


For more information on our payroll services for small businesses, please request an information/quotation pack.  To celebrate the National Payroll Week 2007, we will include the Chancellors 2007 budget report free. The 2007 budget spans 14 pages of legislation which should help you keep out of trouble.When the payroll envelope leaves our premises, our error rate is less than 1 error in every 1000 employees. We have a 4 stage quality control process to keep the errors to this level. 

For more information on our payroll services for small businesses, please request an information/quotation pack




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This page was last updated 26/01/2010
 

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