Blog Post

PAYE Recurring Direct Debit

October 5, 2022

HMRC has announced that it has updated the PAYE Direct debit functionality to enable employers to make recurring payments.

Until now, employers have only been able to set up a direct debit to collect a single payment. The launch will see a change to the employer’s liabilities and business tax account (BTA) screens.


The new service, which is expected to be available from Q4 2022, will enable employers to set up a Direct Debit instruction authorising HMRC to collect directly from their bank account based on their return submissions. In addition, employers will be able to view, amend, or cancel the direct debit via a ‘Manage your direct debit’ link. 


HMRC has also announced that it has extended employer PAYE for agent online services. This means that advisers and accountants will be able to access payment records as well as employer liabilities.


See the full HMRC announcement about PAYE direct debit recurring functionality.


Getting the right information at the right time saves you money

Understanding all the changes that come out of HMRC is a full-time job, which is why you need an up-to-date accountant to keep you informed. Speak to David Masih, our client relationship partner who explain how On The Go Accountants can support your business to greater success. Call 03330 067 123 or email info@onthegoaccountants.co.uk.


Optimising Tax Liabilities with Section 431 Elections in the UK | OnTheGo Accountants

Optimising Tax Liabilities with Section 431 Elections in the UK

November 25, 2024
In the realm of employee share schemes, understanding the tax implications is crucial for both employers and employees. One significant aspect to consider is the Section 431 election, a provision under the UK's Income Tax (Earnings and Pensions) Act 2003. This election plays a pivotal role in determining how employment-related securities, particularly restricted shares, are taxed.
Navigating the Intangible Assets: Insights for Tech Startups | OnTheGo Accountants

Navigating the Evolving Landscape of Intangible Assets

November 25, 2024
In today's rapidly evolving business environment, intangible assets have become central to a company's value and growth potential. Traditional accounting standards, however, have struggled to keep pace with the diverse and complex nature of these assets. Recognising this gap, the International Accounting Standards Board (IASB) and the UK Endorsement Board (UKEB) are embarking on a comprehensive review of IAS 38: Intangible Assets, a standard that has remained largely unchanged for over 26 years.
Don't Let HMRC Rejection Derail Your R&D Growth | OnTheGo Accountants

Don't Let HMRC Rejection Derail Your R&D Growth

November 16, 2024
The UK government has been generous in supporting research and development (R&D) through tax relief schemes. However, with increased scrutiny from HMRC, many businesses are seeing their claims rejected, even after initial approval.
Show More
Share by: