In the midst of a January rush, I would be grateful for any guidance you could provide, please.
My new client has two payroll schemes (within one Limited company) which they were advised to do by a previous advisor.
They have two sections/departments in the one limited company, with one set of staff being weekly paid and the other being monthly paid.
They also use two different files in accounting software, one for each department and combining the whole thing at the year end and taking out intra-department transfers and transactions, so you can probably see why I would like to simplify the whole thing!
I know you can put in a request to HMRC to merge two payroll schemes, but I am a bit concerned that the changeover could take some time.
I wonder whether anyone thinks it would be possible/ok to set up a new payroll scheme to start on 6th April 2020, and close down the two old schemes on 5th April. It also fits in nicely with the company year end on 31st March.
OR, will I have no choice but to merge the schemes with HMRC?
Thank you in advance for any help and guidance you can provide, and good luck for the remainder of January!