PAYE and Troncs
Every year more than 30,000 employers, from large multi-national companies to small owner-managed businesses, are subject to an Employer Compliance review from HM Revenue & Customs. These reviews are a major part of the Government’s overall compliance strategy and net the taxman almost £300m per year – an average of £10,000 per visit.
It’s easy to think that a PAYE review will only look at your payroll, but nowadays this will also cover expenses, benefits in kinds, petty cash, the Construction Industry Scheme, maternity and sick pay, purchase invoicing, and much more. More than ever before, specialist advice is vital from the outset to avoid problems later.
Vantis Tax offers both a health check service in advance of any Revenue visits and assistance and support during an investigation. Our extensive experience at Vantis Tax comes from former Inland Revenue Inspectors who understand the arguments that the Revenue will make and the best defences against them. We also have a proven track record in negotiating successfully with tax inspectors. In addition we can advise on many tax-saving tips.
On average a business is visited every 3 to 5 years. If it’s been a while since you last heard from your PAYE Inspector - now is the time to act.