Running annual payrolls

Director only companies

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Hello

For new Director only companies from April 2018, we will be processing annual and NOT monthly payrolls. 

What do we need to do to stop HMRC sending estimated payroll tax to pay and failure to submit RTI penalties? 

Thanks

Replies (3)

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Euan's picture
By Euan MacLennan
12th Dec 2017 17:35

If you had taken the trouble to Google 'Annual PAYE schemes', you would have found this guidance (scroll down, like you have to do on AWeb). Basically, call the Employer Helpline on 0300 200 3200.

Thanks (2)
Replying to Euan MacLennan:
FT
By FirstTab
12th Dec 2017 21:34

I wanted a reliable source.

Thanks (1)
Intercity
By Mr Hankey
12th Dec 2017 18:42

If you're doing that then be careful that none of them have student loans.

I considered doing an annual payroll for myself, until I realised that repayments are calculated in that pay period rather than cumulatively. Paying a bulk payment in month 12 would also result in a bulky student loan repayment in that month!

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