Why do we ask you to set-up a PAYE?
The reason we ask all our clients to set up a PAYE direct debit is so that any liability owed to HMRC is taken automatically on time so that there is no late payment interest/penalties. If your business doesn’t owe HMRC anything, then we still ask for this to be set up as if your tax code changes randomly or there are any changes to your salary etc, then the liability is still automatically paid.
Setting up your PAYE Direct debit:
1. If you haven’t got a business tax account or have one but don’t have access to PAYE, instructions can be found on this link: www.millwardmay.co.uk/business-tax-account. This shouldn’t be confused with your personal tax account which is used to see your personal taxes.
2. If you struggle accessing your PAYE details, then please feel free to call the office during regular working hours and one of us can provide you with the details. (09:00 – 17:00)
3. Now you have access to your PAYE account please go into that section and select “set up a direct debit”
4. Please enter your preferred business bank account you want to pay any PAYE liability from.
5. You should receive an email confirmation and that means the direct debit has been set up!
6. Each time the direct debit pulls money to pay your liability, you will receive an email confirming this.