PAYE Recurring Direct Debit
HMRC has announced that it has updated the PAYE Direct debit functionality to enable employers to make recurring payments.
Until now, employers have only been able to set up a direct debit to collect a single payment. The launch will see a change to the employer’s liabilities and business tax account (BTA) screens.
The new service, which is expected to be available from Q4 2022, will enable employers to set up a Direct Debit instruction authorising HMRC to collect directly from their bank account based on their return submissions. In addition, employers will be able to view, amend, or cancel the direct debit via a ‘Manage your direct debit’ link.
HMRC has also announced that it has extended employer PAYE for agent online services. This means that advisers and accountants will be able to access payment records as well as employer liabilities.
See the full HMRC announcement about PAYE direct debit recurring functionality.
Getting the right information at the right time saves you money
Understanding all the changes that come out of HMRC is a full-time job, which is why you need an up-to-date accountant to keep you informed. Speak to David Masih, our client relationship partner who explain how On The Go Accountants can support your business to greater success. Call 03330 067 123 or email info@onthegoaccountants.co.uk.
