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Setting up a direct debit for PAYE

1st March 2023 by Joanne Stoneman

HMRC’s guidance on PAYE states that employers should set up direct debits at least six working days in advance of the payment due date.

Self-assessment Payment Deadline

28th February 2023 by Joanne Stoneman

HMRC will automatically add a penalty to your tax bill equal to 5% of the self-assessment tax you owe for 2021/22 which is unpaid after midnight on 2 March 2023.

Who pays the HICBC?

27th February 2023 by Joanne Stoneman

If a family receives child benefit and the person it’s paid to or their partner has adjusted net income (ANI) of more than £50,000 for the tax year, the one with the highest income must pay the high income child benefit charge (HICBC).