Hi,
I have just taken on a one-man (director) company. I am processing payroll for them for July and August with a payment date 05/10/2018.
Under RTI he should not receive any penalties I believe.
However due to the wrong tax code he wants to hold off September payment until he gets it sorted. If he doesn't get it corrected by 05/11 is it enough if I submit EPS and then process the payment in the next tax month?
Thank you in advance!
Replies
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If he's a director, just don't pay him until his code is resolved. He has an annual pay period anyway.
Job done ©
Thanks! But don't I need EPS for tax month 6/10-5/11 ?
Ask me next month.
You will need to file an EPS or nil FPS for every month since the scheme opened. If you do instead process pay and don't transfer cash then you can just book it to the DLA for the Director to draw.
Thank you for all the replies - this is exactly what I thought, but I always double or even triple check
Triple checking is either expensive for you in time expended, or the client if they are paying extra for your thoroughness.
I'm the one loosing, but I hate to make errors or be inaccurate... I started on my own less than a year ago, still not used to the full responsibility and the lack of someone to ask
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