Payroll Service
Are you drowning in a sea of payroll paperwork? as a UK employer, managing payroll can feel like navigating a complex maze of calculations, deductions, and regulations. It's enough to make even the most seasoned business owner's head spin!
Key components of UK payroll
UK payroll consists of several crucial elements that employers must understand:
Gross Pay : The total amount an employee earns before deductions
Net Pay : The amount an employee receives after all deductions
PAYE (Pay As You Earn) : The system for collecting Income Tax and National Insurance
National Insurance Contributions (NICs) : Both employer and employee contributions
Pension Contributions : Including auto-enrollment requirements
Statutory Payments : Such as sick pay, maternity pay, and paternity pay
| Component | Description |
| Gross Pay | Total earnings before deductions |
| Net Pay | Take-home pay after deductions |
| PAYE | System for tax collection |
| NICs | Social security contributions |
| Pensions | Retirement savings contributions |
| Statutory Payments | Legally required payments |
Legal obligations for employers
Employers in the UK have several legal responsibilities regarding payroll:
- Register as an employer with HMRC
- Maintain accurate payroll records for at least 3 years
- Report payroll information to HMRC through Real Time Information (RTI)
- Provide employees with payslips
- Pay employees at least the National Minimum Wage or National Living Wage
- Enrol eligible employees in a workplace pension scheme
Importance of accurate payroll management
Accurate payroll management is crucial for several reasons:
Legal Compliance : Avoiding penalties and fines from HMRC
Employee Satisfaction : Ensuring timely and correct payments
Financial Planning : Providing accurate data for budgeting and forecasting
Business Reputation : Maintaining trust with employees and stakeholders
PAYE Registration Online Services
When your business hires its first employee, you must register for PAYE online with HMRC. This PAYE registration is a legal requirement that allows you to manage payroll, deduct taxes, and report employee earnings. At Filingscorner, we offer a straightforward and efficient PAYE registration service to help you get set up quickly.
Why You Need UK UK PAYE Registration
PAYE (Pay As You Earn) is the system used by HMRC to collect taxes and National Insurance contributions from employee wages. As an employer, it's essential to register for PAYE before making the first payment to your employees. Filingscorner simplifies the process, ensuring your payroll registration is completed without hassle.
What You Receive with PAYE Registration
Upon Registration, You will Receive:
An Accounts Office Reference : Necessary for making payments to HMRC.
An Employer Reference Number (ERN) : This enables you to set up payroll, register a company for PAYE, and make mandatory submissions to HMRC.
These references are crucial for Running your Payroll, issuing payslips, and complying with tax regulations.
Our PAYE Registration Service Includes
- Full registration with HMRC for PAYE.
- Delivery of your PAYE reference number and Accounts Office Reference Number to your registered office address.
What You Need to Provide
To complete your PAYE registration, you’ll need the following information:
- Business name and address.
- Company registration details.
- Number of employees.
- First pay date for employees.
- Director’s name and National Insurance number.
How to Register for PAYE with Filingscorner
If you're forming a new company, you can order our PAYE registration service as part of your company formation package.
Already have a company? Simply log in to your Filingscorner account and select register for payroll from our services, then complete your purchase.
Consequences of Late PAYE Registration
If you fail to register for PAYE before paying your employees, you may Face Penalties for Late Payroll Submissions or Tax Payments. While HMRC doesn’t penalise late PAYE registration itself, it’s Crucial to Submit your Payroll Information promptly to avoid interest and fines.
Using PAYE Online Services
Once registered, you’ll be required to use HMRC’s PAYE Online system to:
- Check outstanding payments to HMRC.
- Pay your bill and view payment history.
- Access employee tax codes and notifications.
- Submit returns related to expenses and benefits, such as P11D forms.
Additional Support
If your business changes, such as stopping employment or if your employees' earnings fall below the necessary threshold, we can assist you with closing or adjusting your employer's PAYE registration.
Register for PAYE online with Filingscorner today to ensure your business is compliant with UK payroll and tax regulations. We offer reliable support to get you registered quickly and smoothly.
Ready to start? Register your company for PAYE through Filingscorner by signing up or logging into your account and completing your payroll registration today!
