Electronic payments for PAYE must reach HMRC by the 22nd of each month. But if that date falls on a Saturday or Sunday, the payment must have cleared into HMRCs bank account by the Friday before. If it has not, the payment will be classed as late, and the employer will become liable for the penalty charge. With the government trying hard to cut waste and costs and to maximise revenue, it is unlikely that HMRC will adopt a patient and lenient approach with late payers, especially if lateness is persistent.
It is yet more pressure on businesses battling through the harsh economic conditions, and maybe having to cope with reduced staffing levels due to essential cost cutting. Deploying specialist staff, skilled in the appropriate software programmes, to administer the company payroll services correctly, can become a real managerial and financial problem.
That's why, increasingly, businesses are turning to payroll companies such as us at Dataplan Payroll. Our payroll services specialists can ensure all payments - wages and PAYE - are made accurately and on time.