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If you employ staff and pay them more than £123 per week then you must register with HMRC for a PAYE registration number and enrol in the PAYE scheme as an employer. You must then pay all of your employees through the scheme going forwards.
You can choose whether to pay staff weekly or monthly. Every time you pay your staff you must submit a Full Payment Submission (FPS) to HMRC. You must also submit a monthly Employer Payment Summary (EPS). These submissions let HMRC know what pay and deductions have been made and any adjustments to the amount you need to pay over to HMRC for things such as SSP or SMP.
We use the latest cloud based software to look after our clients' payroll needs, ensuring that the correct deductions are made every time. HMRC submissions are managed for you and we can get you set up with your auto-enrolment pension scheme to keep you compliant.
Apex Accountancy and Business Services Ltd
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