Whitley Stimpson are forewarning employers that they will be required to report and pay income tax and Class 1A National Insurance Contributions (NIC) on benefits in kind through payroll.
Whitley Stimpson have been selected as finalists in the Service Provider Team Award category of The Rewards 2023, a prestigious industry competition for payroll professionals.
Experts at accountants and business advisers Whitley Stimpson are urging businesses to update their payroll systems in a bid to avoid penalty charges from HMRC.
A persistent bug in the PAYE system is caused by the HMRC computer creating a duplicate employment record which it then uses to demand PAYE for wages which have not been paid.
Payroll matters. Find out here the changes to rates and thresholds that impact on payroll from 2022 – 2023.