Carol1990

I am a director of my company and used my company car for personal use in 2023/24 but i have just realised I need to pay Benefit in kind and my company needs to pay Class 1A national insurance. I do not receive a salary and do not have any employees, so my company is not registered for PAYE. What do I need to do? Am I correct in thinking my company will need to register for PAYE? If I use HMRC’s Basic Tools, how does this work if I am not receiving a salary? As I just need to report the benefit in kind. How do I do this? Also, It is now 7 months since the end of the tax year in which I received the benefit. Am I still able to register for PAYE and submit the relevant information? Should I have registered before the tax year in which the benefit was received and if so how do I rectify this? I understand Class 1A NIC needs to be paid by July…as it is now November will I be charged penalties? Thank you

“You must send an FPS every time you pay your employees.
If you do not pay any employees during a whole tax month (from the 6th of a calendar month to the 5th of the following month), HMRC will not know that and will still expect you to submit an FPS.
If HMRC does not receive an FPS covering any part of a whole tax month, you may be sent a demand for a specified amount. HMRC can calculate an estimate amount you may owe based on previous payments or returns.
To avoid this, you need to ‘Add a period with no payments to employees’ then send an EPS. This replaces the ‘Nil payslip’”
So as my employee is paid weekly, and they won’t be working for 2 weeks, I will still be sending an FPS for the other 2 weeks in the tax month. Surely this means I won’t need to submit an EPS for period on no payment?

I thought an EPS was only sent if there was no payment to employees in a whole tax month? They will be paid in the tax month, just not for two weeks

Hi, I use HMRC’s Basic tools to run my payroll for my one employee. They are paid weekly but this week and next week they won’t be working any hours and will not be getting paid. Do I need to submit do anything for these 2 weeks? Thanks

Any help with this?

Hi, When completing my self-assessment, if I have untaxed interest in my sole trader business account, should this be entered into “untaxed uk interest” or included in the self-employment income?

Hi, For a business putting on music festivals, when I pay for the musicians rider, will this all be tax deductible as it is a contract? Or will it depend on the individual elements on the rider? For example would meals, alcohol and accommodation be classed as client entertainment and be disallowable? but security allowable? Thanks

Hi, Yesterday, using HMRC's Basic PAYE Tools, i submitted June's FPS for an employee who will be paid tomorrow (3/7/24) However I have received a P6 informing me of a tax code change that has an effective date of 1/7/24. As i have already submitted the FPS but the employee's pay day isn't until tomorrow, do i need to amend this somehow? Thanks

Hello, I am self employed but my earning are under the lower earning threshold, I also earn £400 a month from employment so I don’t pay any national insurance. I would like to pay voluntary class 2 contributions. How do I go. About doing this? Is this done on my self assessment? Thank you