Business News - March 2008

No PAYE/NIC or CIS Deduction Payments Due

Even if no PAYE/NICs or CIS deductions payments are due for a given month or quarter, businesses are still generally required to notify HMRC by way of a ‘nil’ return.

In order to help with this, HMRC can be notified by completing an online form. This can be used to tell HMRC about a previous, current or future month/quarter where no payment is due.

This form must still be completed even if businesses have told the CIS helpline that they will not be paying any subcontractors for the coming months.

Internet Link:

HMRC CIS guidance and HMRC how to pay guidance

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Fish Partnership LLP, a limited liability partnership.
Registered in England and Wales, Number OC307024.
Registered Office: The Mill House, Boundary Road, Loudwater, High Wycombe, Bucks. HP10 9QN.

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