From 19th September it will be possible for employers to set up a variable plan to pay National Insurance and PAYE liabilities, whereas before the system only allowed single payments by direct debit.<\/p>\n
The direct debit amount will be the figure declared on the returns submitted, or less if there have been overpayments allocated, but it will never be more than the amount declared and must never be more than \u00a320m.<\/p>\n
HMRC have also confirmed that the direct debit will be drawn on 23 of each month, or the next working day. \u00a0Employers will receive notice of the collection date and the amount to be collected 3 days in advance. \u00a0There will be no additional interest charged to employers who choose to pay by the variable direct debit plan, as long as there are sufficient funds in their bank accounts.<\/p>\n
Agents are not capable of setting up direct debit plans for their clients due to the banking rules around signatories on bank accounts.<\/p>\n
This is a new service, therefore employers are recommended to keep a close eye on the collections.<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
From 19th September it will be possible for employers to set up a variable plan to pay National Insurance and PAYE liabilities, whereas before the system only allowed single payments by direct debit. The direct debit amount will be the figure declared on the returns submitted, or less if there have been overpayments allocated, but […]<\/p>\n","protected":false},"author":5,"featured_media":4456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1,21],"tags":[],"class_list":["post-8564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-articles","category-accountancy-news"],"yoast_head":"\n