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 (7)
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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 ©
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.
Triple checking is either expensive for you in time expended, or the client if they are paying extra for your thoroughness.