Save Tax and National Insurance with your limited company
It is possible to reduce your (UK) personal tax and national insurance by running your business via a limited company. The amount you can save will depend upon several factors:
- The company’s profitability
- Your personal circumstances
- The amount of funds you need to withdraw from the business
Read more about Save Tax and National Insurance with your limited company
How to register your new PAYE scheme
This article presumes that you need to register a scheme and gives easy to follow instructions on how to register your new scheme with HMRC.
A new scheme can be registered either online at www.hmrc.gov.uk , by telephone ( 0845 60 70 143) or in writing. Once your scheme is registered you will receive notification of your new scheme in writing and it will be given two reference numbers.
PAYE scheme reference: This is the PAYE office reference and is used for day to day administration and enquiries regarding tax codes etc
Accounts office reference: This is the reference to be used when making payments or making any enquiries regarding your PAYE account with HMRC.
If you would like HRBS to register and deal with your PAYE scheme on your behalf, please contact us for a FREE, no obligation quotation.
