Small businesses put off hiring staff due to PAYE

Small businesses put off hiring staff due to PAYE

A poll has shown that PAYE prevents businesses from employing more staff

TWO-THIRDS OF small businesses are hesitant to hire new employees due to the burden of PAYE, according to a poll from a software provider.

The Intuit survey showed that 69% of small business owners are put off from hiring. Almost half of employers said they were unaware of the deadline for filing their PAYE end of year returns (P14/P35s), which was 19 May. A quarter of respondents (28%) said that they did not expect to complete their returns before the deadline.

Mark Linton, who set up The Business Growth Show events company, said: “One of the key challenges for any small business right now employing staff is not necessarily actually the process of getting a staff member on, it’s once you’ve got them on: how do you pay them, are you doing it right, is legislation getting in your way? I really do think that PAYE for any small business is a logistical nightmare.”

HM Revenue & Customs this year removed a seven-day period of grace for missing the deadline because it had previously used the postal service.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource