FAQ – Some of our employees have been notified of tax underpayments as a result of a Week 53 situation in the previous tax year. Why could this be?
Since tax started to be collected via PAYE, the system has had to make adjustments for the fact that there are these additional paydays in a tax year. The fact remains, however, that tax is due on the taxable pay paid in this extra pay period and, likewise, this is assessable to tax. To ensure [...]
The following are extracts from the latest weekly informal updates (dated 11 and 18 February) from HMRC to employer representatives. P9s – Annual coding message for employers We have recently begun the annual process of sending out Coding Notices (P2) for the 2011-12 tax year to individuals. You may well get questions from your employees [...]