Hi all, hopefully someone will be able to provide some clarification please.
So i run my own limited company working as an IT contractor. I have no employees and am a single director.
Recently I've received a letter from HMRC to make paye payment electronically. I pay my taxes through self assesment and my monthly salary is below the NI threshold, so that means I do not need to submit any payments. Do I still need to declare anything to HMRC? I have called them but everyone is hopeless, they keep passing me from department to department.
Doing some research online I found that PAYE payments are only if you have employees and if you pay over £162 a week or £702 a month. Now as I fall below that, do I just ignore the letter from HMRC or do I still need to register as an employer and submit that i have nothing to pay via EPS?
I am trying to avoid registering for PAYE as thats another thing I have to look after and would like to avoid it if at all possible.
Thanks.
So i run my own limited company working as an IT contractor. I have no employees and am a single director.
Recently I've received a letter from HMRC to make paye payment electronically. I pay my taxes through self assesment and my monthly salary is below the NI threshold, so that means I do not need to submit any payments. Do I still need to declare anything to HMRC? I have called them but everyone is hopeless, they keep passing me from department to department.
Doing some research online I found that PAYE payments are only if you have employees and if you pay over £162 a week or £702 a month. Now as I fall below that, do I just ignore the letter from HMRC or do I still need to register as an employer and submit that i have nothing to pay via EPS?
I am trying to avoid registering for PAYE as thats another thing I have to look after and would like to avoid it if at all possible.
Thanks.
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