FAQ
How
do I set up a new payroll with HMRC?
How do I start using Paytec Online's payroll
services?
How much will it cost to run a payroll?
I have heard that there are online filing incentives
available for small business - do I qualify?
When must I start filing online?
Are there any set up costs?
What do I do if my employee has no P45?
If we have not
answered your question then please feel free to email a specific
question to us or telephone on 0845 052 9456.
How
do I set up a new payroll with HMRC? We will contact HMR&C
on your behalf to set up a new PAYE scheme for you. You will
receive two references: The first will be your reference with
the inspector of taxes at your local tax office. The second
will be your accounts office reference for use with the collector
of taxes at Shipley or Cumbernauld. This action will generate
a 'yellow' payslip booklet to enable you to make regular payments
of tax and National Insurance.
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How
do I start using Paytec Online's payroll services? We will
listen to the requirements that you have and advise you on
the solution that best suits your business. We will then send
you our terms of engagement by post for you to check. Once
you are sure that the terms are fair and accurate and you
decide to appoint us you simply sign and return a copy to
us along with HMRC form FBI
2 available here in
pdf format. The form may be reproduced under the terms
of the Crown Copyright. The FBI
2 form will give us your authority to deal with your payroll
matters directly with HMRC and enable us to submit your payroll
year end via the Internet.
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How
much will it cost to run a payroll? That depends on a number
of factors. The most important of these are payroll size and
payroll frequency but other factors like high staff turnover
or complicated payment systems can have an impact on costs.
The smallest payroll that we can run is for up to four employees
on a standard monthly basis and costs just £209 per
annum. If you require an online quote then please complete
our enquiry form for a quick response.
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I
have heard that there are online filing incentives available
for small business - do I qualify? All small businesses with
fewer than 50 employees during the tax year can benefit from
online filing incentives. The incentives for the following
years are: 2006/07 £150; 2007/08 £100; and 2008/09
£75. All you need to do is complete form FBI 2 and we
will do the rest by filing online.
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When
must I start filing online? Small employers (up to 50 employees)
do not need to file online until 2009/10 but all other employers
must file online from this tax year (2006/07)
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Are
there any set up costs? We will advise you of any, one off,
set up costs associated with transferring your employees to
Paytec Online. It is possible that a simple transfer can be
utilised where your records can be converted electronically.
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What
do I do if my employee has no P45? An employee without a P45
will be taxed at basic rate tax (2006/07 22%) unless they
sign a P46 notice of
new employee form. The form is designed to establish the appropriate
tax rate for an employee by asking the employee to tick the
box that best describes their situation. It is vital that
all of the fields are completed with particular reference
to National Insurance Numbers and dates of birth. A
copy of the form is available here in pdf format. The
form may be reproduced under the terms of the Crown Copyright.
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If we have not
answered your question then please feel free to email a specific
question to us or telephone on 0845 052 9456.
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