Payroll Health Check – Logica Payroll Plus
Tax evasion is punishable by law. Failure to properly account for all taxes due to the government has always been punishable by penalty charges and interest as well as the outstanding tax due. In the
current economic climate the government needs the maximum possible receipts from the taxes that it has imposed by legislation. HMRC (Her Majesty’s Revenue and Customs) is leaning towards applying taxation law with precise exactness and zero tolerance. There is clearly a drive to ensure every penny of tax due is paid thus maximising government receipts without raising additional taxes.
Employers are vulnerable to every changing taxation and compliance regimes and must be diligent
in ensuring their compliance.
Our Payroll Health Check service minimises both the risk of penalties and the size of penalties raised. If, for instance, as an employer, you voluntarily report your own non-compliance, any penalties raised by HMRC will be significantly smaller than those raised following an audit by HMRC.
Our service ensures that rewards to staff will be correctly reported and taxed at the correct time.
Subsequent liabilities can be eliminated for both employee and employer with the corresponding
elimination of bad feeling, the very opposite of the purpose of the reward package.
Key benefits
- Minimises risk of penalties as well as size of penalties raised
- Accurate reporting of rewards to staff
- Consistent and enduring compliance to avoid audit from HMRC
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