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P45..........P14..........P60..........P35..........P9T..........P11D..........P9D
PAYROLL SERVICE / CONSTRUCTION INDUSTRY SCHEME
The above
are just a small selection of the forms that are required to be considered
from time to time by any employer in the UK.
Successive
governments have gradually increased the burden of compliance on employers
to such an extent that the annual pack that comes thundering through your
letterbox is enough to put you off employing people for life. What with
Student Loan Repayments, Disabled Persons Tax Credits, Wage Attachment
Orders, National Insurance Contributions, National Minimum Wage and Pay as
you Earn the list of problems just keeps on growing.
On top of
this you are expected to be an expert in all payroll matters and if you do
not get it right you are the one that ends up paying for it. The Inland
Revenue impose PENALTIES and INTEREST. For example if you fail to complete
forms P11D the Inland Revenue have the ability to fine an employer up to
£3000 for each employee. Not forgetting the new penalties for failure to
pay on time.
All this
on top of the CIS rules might just be the last straw.
Through
our payroll bureau we can arrange various services to suit your particular
requirements at a realistic cost. From basic payroll processing to payment
via BACs or maybe just assistance during April and May to complete your
year end procedures just contact us for a quote.
The
Construction Industry Scheme requires you to complete monthly declarations
to HM Revenue & Customs and also to provide certificates of deduction
of tax to your subcontractors. Also you have a duty to ensure that they are
subcontractors and not employees. Here too we can help with the paperwork
required.
DAVID SHORES & CO
Business Advisors & Chartered Accountants
36a
Station Road, New Milton, Hampshire, BH25 6JX (Registered Office)
Registered in England No. 1512874
Find out more about US at: DS&Co
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