Wednesday, 2 May 2007

Year-end PAYE takes less than 1 hour

Further to this post about people moaning about red tape, I can confirm that it takes less than an hour to file your year-end PAYE return. I just did it: about 30mins reviewing everything last week, waited for HMRC to send printer-friendly P60 forms, then 20mins today actually printing off all the P60s and letting QuickBooks submit the P35 online.

Plus, HMRC are still paying small companies (<50 staff) to file on line. This year, they pay us £150 to file online, which is pretty reasonable for less than an hour's work.

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