Pay as you earn (PAYE)

PAYE is the income tax deduction that an employer makes when paying salary to an employee. The tax is ‘deducted at source’ which means that the employer pays the amount over to HMRC so that the individual does not need to do so directly.

For employees whose only source of income is a salary it is not necessary to complete a self-assessment return with HMRC as all of their income tax is deducted. Even when there are other sources of income HMRC will often wish to collect this as a deduction against salary and they will then issue the employer with a different tax code to use. If your tax is paid in this way you will need to take care to ensure that HMRC have issued the correct code and are indeed deducting the correct amount of tax.

For employers a payroll scheme must be opened so that the PAYE due from employees’ salaries can be paid over to HMRC.

Opening and administering a payroll scheme is included in Integro Accounting’s fixed fee service: Fixed-fee service.

Why Integro Accounting?

Integro Accounting is the UK’s only specialist provider of fixed fee, limited company accountancy services for contractors, consultants and freelancers that was established to an award winning standard – our Practice Manager, Maria Hickmott FCCA, won The British Accountancy Awards’ ‘Accountant of the Year’ in 2011.

We were set up with the vision of providing a service that is the ultimate for the dynamic, busy professional of today in a language you understand.

Integro Accounting have designed a bespoke service for the contractor who is always on the go; never forgetting that one size will never fit all.

The relationship you have with your accountant is the most important factor in our service which is why we will always offer unlimited contact with your own personal accountant; whether that contact is via the phone, email or face to face.

We have our 3 offices located in London, the South-West and on the Bedfordshire and Buckinghamshire border. There are also meeting locations in many of the major cities and towns across the Home counties, South-West and South Wales, all conveniently placed so that you never have to travel far to meet your accountant.

If you have any questions about contracting or would like to find out more about how Integro Accounting can help you and business please call Christian on 01525 303984, email christian@integroaccounting.com or request a callback.