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Late commercial payments - interest and debt recovery costs you can charge businesses for late payments
You can claim interest and debt recovery costs if another business is late…
The interest you can charge if another business is late paying for goods…
You can also charge a business a fixed sum for the cost of recovering a…
Use their P45 (or starter checklist, which replaced the P46) to get information from your new employee, set them up on your payroll software, tell HMRC.
You must tell HM Revenue and Customs (HMRC) when you take on a new…
You usually have to pay your employees through PAYE if they earn £129 or…
You need to get certain information from your employee so you can set them…
You should make student loan deductions if any of the following apply:…
Register your new employee with HM Revenue and Customs (HMRC) by including…
You may need to update your payroll records if your employee gives you a…
Find out when and how HMRC may penalise you if you fail to register for VAT at the right time, and your rights to appeal against the penalty.
From 1 January 2023, HMRC will charge VAT-registered businesses late payment interest from the first day their payment is overdue until it is paid in full.
Small businesses to be backed by new, stronger measures to tackle late payments.
Find out what to put in your Full Payment Submission (FPS) and Employer Payment Summary (EPS) if you're paying employees through PAYE.
Prepare statutory or abridged annual accounts for Companies House, make corrections and amendments, appeal against penalties for filing after the deadline
Find out when HMRC apply a default surcharge, how it works and how to avoid a VAT surcharge.
A collection of research papers looking at how late payments affect businesses.
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