PAYE NUMBER - TAX TIP

Are you planning to pay yourself money from a new company? Have you set up the new company at the request of your employer to accept payment from your employer? Is your new company going to be your part-time job? In any of these situations you will have to register and obtain a PAYE number for the new company. This number is assigned to the company and the number is used to report any payments to you or anyone else working for the company so that income taxes are properly deducted. Also, the number is used to pay your or any other person working for the company's National Insurance Contribution. Every Company paying money out to an individual for work for the company is required by law to obtain the number! Failing to do so can result in fines and other penalties. We can prepare the documents to register your company for PAYE for a fee of £35 plus VAT.