by VelocityAS | Sep 6, 2021 | Accounting, Business, COVID-19, Employment, HMRC, PAYE, Payroll
The recent ‘pingdemic’ has resulted in large numbers of employees self-isolating. Where an employee meets the qualifying conditions, you must pay them SSP while they are self-isolating. As qualifying periods of self-isolation count as a Coronavirus-absence, if you are... 
by VelocityAS | Jun 9, 2021 | Accounting, National Insurance, PAYE, Tax
You can use a PAYE Settlement Agreement (PSA) if you wish to settle the tax liability arising on the provision of a benefit-in-kind or an expense on an employee’s behalf. This can be useful if you wish to preserve the goodwill nature of a particular benefit. Nature of... 
by VelocityAS | Mar 1, 2021 | Business, Employment, HMRC, PAYE, Payroll, Tax
The 2021/22 tax year starts on 6 April 2021. If you employ staff, you will need to update their tax codes before you pay them for the first time in the new tax year. However, remember to finalise the 2020/21 tax year before updating your payroll software and data for... 
by VelocityAS | Dec 2, 2020 | HMRC, PAYE, Tax
Although the deadline by which your 2019/20 self-assessment tax return must be filed online is 31 January 2021, an earlier deadline of 30 December 2020 applies if you want any tax that you owe for 2019/20 to be collected through PAYE. This can be advantageous as you... 
by VelocityAS | Oct 3, 2020 | National Insurance, PAYE, Tax
If you have a PAYE Settlement Agreement (PSA) in place for 2019/20, you will need to pay the tax and National Insurance due under the agreement by 22 October 2020, assuming payment is made electronically. If you pay by cheque, the cheque must reach HMRC by the earlier... 