When you’ve
register a company name
, you may want to register for Pay as You Earn (PAYE). Whether or not you've had a recent change of company director, when you sign up for PAYE, the director may take a salary, of which £8,632 is completely tax and national insurance-free (provided the director receives no additional income from other sources). For all the necessary information on how to set up PAYE, we can help!
Do I have to set up a proper payroll to get my full tax-free salary?
Yes. HMRC operates a real-time information system where you and your employees' salaries must be disclosed.
Do I need to submit a monthly payroll?
No. The annual scheme allows a company to submit an annual payroll and for a director to take their salary in one month. This is particularly useful for small companies where the directors are the only employees and are taking small salaries. By submitting payroll annually, a director can save valuable time and cut down on administrative tasks.
How do I set up payroll?
To set up a payroll, you have two options. You can apply to HMRC directly or we can set it up on your behalf.
As soon as payroll registration is complete, HMRC will expect regular submissions (either monthly or annually).
Please note that if you want to run an annual payroll, you must notify HMRC or you run the risk of fines for non-submission. When setting up your payroll, we can inform HMRC of how you’d like to disclose your and your employees’ salaries.
What’s Included?
PAYE registration assistance
Registering for Pay as You Earn (PAYE) is a complicated process. We’ll take care of everything for you, ensuring all legal requirements are met.
Document preparation and submission
We'll prepare all required forms and paperwork and submit your PAYE registration to HMRC on your behalf.
Fast online service
Our platform streamlines the process, delivering your PAYE registration within a few days of application.
Compliance with UK Laws
We ensure your PAYE registration complies with all HMRC regulations and handle any issues that may arise.
Strongly Recommend
I am not based in UK and so not aware of any regulations. Catherine helped me understand about the yearly filing and helped me in a high professional manner. Since then, I formed other two companies with them and will strongly recommend them to you.
Sophia Wilson
