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FAQs
How does HHM assist with PAYE registration for businesses?
HHM provides comprehensive support for PAYE registration, including initial assessments, application support, and compliance checks. We ensure businesses meet all requirements and avoid penalties.
Can HHM help with PAYE calculations and payroll processing?
Yes, HHM offers services for accurate PAYE calculations, employee data management, and timely payroll submissions. We streamline the process and ensure compliance.
What does Workplace Pension Auto-Enrollment entail, and how can HHM assist?
Workplace Pension Auto-Enrollment mandates employers to enroll eligible employees into pension schemes. HHM helps businesses with assessment, scheme selection, and compliance.
How does HHM ensure businesses' compliance with PAYE and Workplace Pension regulations?
HHM offers regulatory updates, audit preparation, documentation management, reporting, and compliance consultation to ensure businesses meet legal obligations and avoid penalties.
What is the cost associated with HHM's PAYE and Workplace Pension services?
HHM provides customised pricing packages based on business size and needs. For accurate quotes and details, please contact us for a personalised consultation.
When should I provide payroll data to HMRC?
If your employees receive monthly payments, you must report and remit their income tax and NIC deductions to HMRC by the actual payment date, typically the final working day of the month. For weekly payrolls, the reporting to HMRC is due weekly, by the Friday following the week’s end date.
For quarterly payrolls, the deadlines are as follows:
July 5th for payments made between April 6th and July 5th.
October 5th for payments made between July 6th and October 5th.
January 5th for payments made between October 6th and January 5th.
April 5th for payments made between January 6th and April 5th.
You can submit payroll information using payroll software or HMRC’s free Basic PAYE Tools. If you have any doubts, consult an accountant for guidance.
What are the tax-exempt employee benefits and expenses in the UK?
Several common tax-free employee benefits and eligible expenses encompass:
Pension contributions – as long as they remain within annual and lifetime allowance limits.
Childcare vouchers – offering up to £55 weekly, tax-free.
Cycle to work scheme – providing a 25-39% savings on a new bike and related accessories.
Trivial benefits such as small gifts, parties, or flowers – with a tax-free cap of £50 per gift.
Mileage allowance – allowing 45p per mile for the first 10,000 miles.
Many of these benefits have specific regulations governing the tax-free amount that can be provided. For more information on allowable expenses and benefit thresholds, consult your accountant or HMRC.