Quarterly PAYE payments & Employers NIC

[Jog On]

why not use the free Employer CD from IR - it then gives you the forms to file at the end of the tax year as well as doing all the calcs.

Yep think I'll do that.

[elainec100]

why not use the free Employer CD from IR - it then gives you the forms to file at the end of the tax year as well as doing all the calcs.

[Sockpuppet]

Just use a calculator (many avail online).

You pay employer NIC along with PAYE quarterly

[Jog On]

Hi all,

Done a search of this forum, PCG, HMRC and Google to no avail so I'm going to ask - as I'm paying PAYE/NI quarterly for my one employee (me) do I pay the employers NI at the same time or later on?

I know it's not vast amount but I'd like to get it right. I'm also assuming that the amount liable for employers NI is the mount that is above the earnings threshold as well?

Wouldn't suprise me if it wasn't but would be nice to know - so in a nutshell:

1. How often do I pay employer's NIC when I'm making quarterly employee NIC/PAYE payments - is it quarterly or annualy with corp tax or some other frequency?

2. Is the amount liable to employer's NIC the amount above the earning's threshold or all of the employee's salary?

*Edit - found the answer to this one here :

12.8 per cent of an employee’s total earnings above the primary threshold

The primary threshold being different to the lower earning's limit - and who said tax doesn't have to be taxing?! Yay!!

As for the employee's side of it, do I deduct income tax and NI as an added together % of the employee's salary - I'm asuming I do so for example, income tax = 20%, NI = 11% so I deduct 31% from the gross salary and divide it up for Hector as the two individual payments respectively?

Just want to get this all tickeddyboo then stick the mofecker on autopilot

*2nd Edit* - This is what I love about the NL tax system we have right now:

To work out a director’s standard rate NICs, multiply
those earnings which exceed the annual, or pro-rata
annual, ET, up to and including the annual, or pro-rata
annual, UEL by the appropriate not contracted-out or
contracted-out percentage rate. Round to the nearest
penny, rounding down exact amounts of 0.5p. Deduct
any employee’s contracted-out NIC rebate to which
the director is entitled. Multiply those earnings which
exceed the annual, or pro-rata annual, UEL by 1%.
Round to the nearest penny, rounding down exact
amounts of 0.5p. Add the totals together.
This gives the NICs now due.

http://www.hmrc.gov.uk/nitables/ca44.pdf

God bless you Hector