PAYE Archives - Potts & Co

Jun 09 2026

Are You Missing Out On A PAYE Refund?

By admin HMRC, PAYE, Potts & Co Accountancy & Business Advice News

Employees and pensioners are being encouraged to check whether they are due a PAYE tax refund. HMRC figures suggest that more than 730,000 PAYE refunds went unclaimed last year, with the average repayment worth approximately £855. PAYE overpayments can arise for a number of reasons. Common examples include being placed…

Mar 10 2026

Self Assessment Payments Via PAYE

By admin HMRC, Income Tax, PAYE, PAYE Settlement Agreements (PSAs), Potts & Co Accountancy & Business Advice News, Self Assessment

From April 2029, income tax self assessment taxpayers who also have PAYE income will pay some of their self assessment liability via PAYE. Currently, if you owe additional tax due to a previous underpayment HMRC can collect that amount gradually by adjusting your tax code for the following tax year.…

Dec 10 2025

Understanding Simple Assessments

By admin HMRC, Income Tax, PAYE, Personal Tax, Potts & Co Accountancy & Business Advice News, Self Assessment

If you owe income tax that cannot be collected automatically via PAYE, such as tax on bank interest or the state pension, HMRC may send you a simple assessment notice This letter shows how much tax HMRC believe you owe based on information they hold. It is important to check…

Sep 26 2024

Tax Refunds No Longer Automatic

By admin HMRC, Income Tax, PAYE, Personal Tax, Potts & Co Accountancy & Business Advice News, Tax Refunds

HMRC is no longer automatically issuing cheques to refund PAYE overpayments. It is common for employed taxpayers to get to the end of the tax year and find that they have under- or over-paid income tax via PAYE. These discrepancies are calculated by HMRC at the end of the tax…

Mar 28 2024

Mandatory Payrolling Of Benefits

By admin HMRC, Income Tax, National Insurance, PAYE, Potts & Co Accountancy & Business Advice News

The reporting and paying of income tax and Class 1A national insurance contributions on benefits in kind is to be made mandatory via payroll software from April 2026. Most employers who have not entered into a PAYE settlement agreement currently report benefits in kind (BIKs) provided to employees on the…

Jun 10 2023

Avoid Payroll Problems With Duplicated Employees

By admin HMRC, PAYE, Potts & Co Accountancy & Business Advice News

When HMRC asks for more PAYE than you have deducted from your staff's wages it is often the result of double-counting somewhere in the process. A persistent bug in the PAYE system is caused by the HMRC computer creating a duplicate employment record which it then uses to demand PAYE…

Jun 08 2023

Student Loans, Property & Pensions

By admin HMRC, National Insurance, PAYE, Pensions, Potts & Co Accountancy & Business Advice News, Property, Student Loan Repayments (SLR)

Student loan repayments (SLR) are normally deducted under PAYE from employment income so many people incorrectly assume that SLRs are not due on other 'unearned' income such as rent or pensions. SLR will in fact be payable where the unearned income exceeds £2,000 per year and the taxpayer is required…

Sep 12 2022

Beware Of Early Real Time Information (RTI) Returns

By admin Full Payment Submission (FPS), HMRC, PAYE, Potts & Co Accountancy & Business Advice News

Employers must send their PAYE reports to HMRC on or before the day they pay their employees. The full payment submission (FPS) report sets out what has been paid and the deductions made. If the FPS report is more than three days late HMRC will send you an education letter…

Sep 11 2022

Paying PAYE

By admin HMRC, PAYE, PAYE Settlement Agreements (PSAs), Potts & Co Accountancy & Business Advice News

As an employer, you can pay PAYE to HMRC using a direct debit (DD) but each DD authority only applies for a single payment, so the effort is hardly worth it. The good news is that from mid-September you will be able to set up a recurring DD facility to…

Sep 08 2022

Cost Of Travelling To Work

By admin Expenses, HMRC, PAYE, Potts & Co Accountancy & Business Advice News, Travel Expenses

Travelling to the workplace may now be unaffordable for some employees but employers who help by reimbursing travel expenses could be creating an extra tax burden for themselves and their employees. The journey between an employee's home and their permanent workplace is treated as ordinary commuting and is not a…

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