PAYE/NIC payment snags
So advisers have reported some small companies have received demands for overdue monthly payments from HMRC when they are actually allowed to pay them quarterly.
In one case this saw a company which wasn’t due to pay its quarterly tax bills for another month informed that its July and August PAYE/ NIC was overdue.
HMRC is currrently leaving no stone unturned in its efforts to maxmise the tax take.
But it is clearly under such pressure to bring in money that the haul it collects may include minnows who shouldn’t have been there in the first place…