English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

My husband is self employed and about to employ a part time assistant. How do I calculate and pay PAYE?

2006-12-12 00:55:41 · 10 answers · asked by JENNY P 1 in Business & Finance Taxes United Kingdom

10 answers

You need to get in touch with the Inland Revenue and explain the situation............they will send you all the relevant documentation and I believe will even show you how to calculate PAYE.

2006-12-12 01:03:56 · answer #1 · answered by Anonymous · 0 0

The inland revenue are really helpful (yes, I was amazed). They offer tax calculators (books and CD-ROMS I think) and all sorts of advice and guidance.

You'll need to register as a PAYE employer and get the employer's pack anyway, so you should get in contact with them.

They also run training days to help you learn about the ins and outs of all things tax, I would highly recommend you attend one.

Have a look on the HM Revenue and Customs website at the link below, but better still, give your local office a ring and I'm sure they'll be able to help you.

2006-12-13 08:31:04 · answer #2 · answered by muppetofkent 3 · 0 0

Go to the link below and read it. It gives you all the information you need to register as a new employer.

You information you get will include full instructions on how to calculate and pay over the deductions. HMRC also produce a free CD which has calculators built in so that you do not need to buy any commercial software.

If he takes on a number of employees, though, it could be worth looking at buying a program.

Don't forget to file your end of year returns via the internet as you will receive an incentive payment for doing this. Ring the employer's helpline if the pack you are sent does not have details of this scheme.

2006-12-13 04:01:40 · answer #3 · answered by tringyokel 6 · 0 0

Your husband must register with the inland revenue as an employer first. The inland Rev will then send a CD Rom which contains a calculater and lessons on PAYE. They can also provide free lessons on it at your local office.
Another option is to outsause it to someone like me.

2006-12-15 09:55:10 · answer #4 · answered by Anonymous · 0 0

Firstly, if you have to ask this question on a site such as this, then you are in deep trouble already and should pay for a competent professional to do it for you before you wind up paying awful penalties to the Inland Revenue for stuffing it up.
For someone who knows how to do it, it is extremely easy. Find a friend who already does the calcs and get them to show you how.
It is as easy as following the very simple steps as explained in the PAYG tables issued by the IR.
Firstly of course you must register with the IR as a PAYG payer, then all the info comes to you. Read and understand it first.
Get onto someone for help, which would include the IR, before you make a real dog's breakfast of it and wind up in the end product of a dog's breakfast..

2006-12-12 09:21:03 · answer #5 · answered by Billybean 7 · 0 0

first of you need to set up a PAYE scheme which you can do by contacting the Inland Revenue (www.hmrc.gov.uk) they will send you a new employers pack with and the forms, instructions and tax tables booklets you need inorder to calculate pay, tax and ni manually. ti however can get confusing.

alternate route to manual is buy sage payroll. dead easy to use and will do all the calcuations and reports needed to work out net pay and the tax and ni to pay each month to the revenue. would cost about £150 i think. go to www.sage.co.uk and see what they have on offer.

2006-12-12 18:29:23 · answer #6 · answered by Paul S 5 · 0 0

If you go to the web site of Revenue & Customes, you will see a section which relates to PAYE and this will explain how to calculate wages on the weekly basis.

2006-12-12 09:20:29 · answer #7 · answered by Anonymous · 0 0

salary multiply 100 divide by the PAYE rate at the time, and thats the amount to pay over,

Or go and the PAYEE scale from the receiver

2006-12-12 08:59:08 · answer #8 · answered by Anonymous · 0 0

Call the inland revenue, you need to fill out forms and inform them, they will also advise best on how to go about this.

2006-12-12 13:43:42 · answer #9 · answered by Anonymous · 0 0

Just follow what other people are doing.

2006-12-12 09:00:16 · answer #10 · answered by Nina 2 · 0 0

fedest.com, questions and answers