Companies regardless the size have to inform HMRC (via RTI) about their employees
salaries. HMRC wants to see regular updates even if your employees earn below NI threshold.
Remember: you must report your payroll to HMRC on or before your payday, otherwise it is considered late.
Deadlines example:
Lets say that today is 01 June 2015 and you would like to pay employees and file PAYE for May.
Filing dates between 06-05-2015 and 05-06-2015 are valid for this pay period.
Any liability risen to HMRC must be
paid settled by 22nd June 2015. It means that you must ensure that your funds reach HMRC by this date. So, it is prudent to make a bank transfer 3 days prior the 22nd. For example, make sure that on every 13-14th funds are set up to leave your bank account.
