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Stephen Hill Partnership Blog

PAYE Quarterly Payments

PAYE (Pay As You Earn) is the system that HMRC uses to collect income tax and national insurance contributions from employees’ pay as they earn it.

If you are an employer, you’ll have to deduct tax and NICs from your employees’ pay each pay period and pay Employer’s Class 1 NICs if they earn above a certain threshold. You pay these amounts to HMRC monthly or quarterly.

If you are a small employer with income tax, national insurance and student loan deductions of less than £1,500 a month you are required to make payment to HMRC of the above deductions on a monthly or quarterly basis.

If this applies to you, PAYE quarterly payments are due on October 19th for small employers for the pay periods July 6th, 2019 to October 5th, 2019.

Where the payment is made electronically the deadline for receipt of cleared payment is October 22nd, 2019. If you don’t send the correct amount, or if you send it in late, you may have to pay interest.

If you are a small employer and the quarterly deadline applies to you, please don’t hesitate to get in touch for any information or questions you may have.

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