PAYE tax to HMRC frequency

[beermeister]

Could someone please let me know what frequency I need to pay to HMRC the tax on my salary? I understand that for small business, it’s quarterly, but I’ve heard from a colleague that for a Director of a Ltd Company, it’s annually.

[ASB]

Could someone please let me know what frequency I need to pay to HMRC the tax on my salary? I understand that for small business, it’s quarterly, but I’ve heard from a colleague that for a Director of a Ltd Company, it’s annually.

It is either monthly or quarterly depending upon the amount. Check HMRC web site.

It is possible to do annually if the actual paye bill is zero.

[css_jay99]

I thought that for PAYE its 19th of the month following payment ?

I myself have searched via HMRC site and cant seem to find any info on this.

could do with earning the extra interest in company account !

css_jay99

[malvolio]

It is either monthly or quarterly depending upon the amount. Check HMRC web site.

It is possible to do annually if the actual paye bill is zero.

So if you haven't anything to pay, you can elect not to pay it once a year?

[ASB]

So if you haven't anything to pay, you can elect not to pay it once a year?

Correct.

Actually it's not quite as stupid as it sounds. It saves you having to send back nil payslips (for thoese who are organised). Or waiting until you get the red final reminder and ringing the accounts office (which is permenantly engaged) and telling them it's a nil payment.

[xoggoth]

If nil payslip you can just send them an email, details on their site somewhere.

[ASB]

If nil payslip you can just send them an email, details on their site somewhere.

Sure, but you still actually have to do it. Move to annual and you don't even need to bother doing that.

[oraclesmith]

If you pay some tax (even just a little) there was an electronic filing rebate being offered which could net £800 over three years. I've got mine !

I don't think it's available anymore, but worth checking.

[beermeister]

Thanks for the info, but for a Director receiving a nominal salary, do I need to pay quarterly or can I just pay annually?

[VectraMan]

If you pay some tax (even just a little) there was an electronic filing rebate being offered which could net £800 over three years. I've got mine !

I don't think it's available anymore, but worth checking.

I got £250 last year, and £150 this year.

The annual thing is perhaps confused with dividends? Also, if you really really are IR35 caught, then isn't that tax due anually?