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HMRC want to check your PAYE/NIC records…are you prepared?

HMRC want to check your PAYE/NIC records…are you prepared?

Most businesses get an employer compliance review every few years.

The review might be aimed at payroll but it is unlikely to be restricted to just that. Other documentation including accounting records, expense claims and directors loan account statements may also be reviewed.

Areas of particular interest to HMRC include:

Employed v self-employed status; NIC calculations in respect of directors; mileages records, pool cars and travel expenses; entertaining and gifts; salary sacrifice schemes and issues surrounding overseas workers/UK employees working overseas.

If you have concerns in respect of any of the areas listed above and / or if you are due to have an employer compliance review, seek advice in advance to make sure you are fully prepared.

If you would like to know more or are concerned about how this may affect you then call Lesley Sutton on 01484 538351.

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