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Blog | Able Accountants Birmingham

PAYE, Student loan and CIS deductions for February, 2019.

Don’t forget to keep to the deadline of 5th February if you’re an employer who has made PAYE deductions from the salaries of your employees. It’s also relevant if you are a contractor who has paid subcontractors under the CIS.

For employers it is necessary to pay the appropriate amount of income tax, national insurance and student loan deductions to the HMRC. The HMRC should also receive from contractors the correct tax deductions from subcontractors under the CIS.

The deadline for regular payments is 5th February, but a deadline of 22nd February applies for funds to be cleared if the payment is made electronically. Any late payments will be subject to interest and penalties may also apply.

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