Over the past year or so, many business owners and their HR
payroll personnel may have heard or read about the increasing use
of bailiffs and debt collectors by HMRC to secure repayments in
cash or kind from late paying companies.
More than 7,000 businesses were the recipients of such visits
during the tax year 2010-11. This represents a substantial leap in
the utilisation of these tactics by HMRC from an estimated 4,900 in
the 2009-10 financial year and 1,675 in 2008-9. Many businesses
feel that there are dual reasons for this perceived heavy
handedness. The first is that the enduring economic fragility is
causing many businesses to genuinely struggle to pay their tax
liabilities correctly and on time. The second is that there is an
overriding sense that HMRC is under enormous pressure to boost its
takings, consequently resulting in such drastic measures.
Tax has always been a taxing issue to countless businesses that
operate in a diverse range of sectors and are of dramatically
different sizes. Many, however, find the outsourced services of
professional payroll companies invaluable, not only on a weekly and
monthly basis with regards to actual payroll administration, but
also by way of the light they shed on tax liabilities. Expert
payroll services ensure that all staff are correctly remunerated on
time. Besides providing practical payroll solutions, they
furthermore have the experience and the knowledge required to help
businesses to ensure that HMRC is also correctly paid on time.
At Moorepay, we offer cutting edge yet affordable payroll services
to all kinds of businesses. Our expert and user friendly payroll
solutions are available on a partially or fully managed basis. In
either case, business owners are continuously able to access real
time financial data relating to their tax liabilities, assuring
that they remain ahead of the game and are empowered to avoid
unwelcome bailiff and debt collector visits due to late
payment.
The Article is written by www.moorepay.co.uk/payroll_outsourcing providing Payroll Outsourcing Services and Outsourcing Payroll. Visit http://www.moorepay.co.uk/payroll_outsourcing for more information on www.moorepay.co.uk/payroll_outsourcing Products and Services___________________________Copyright information This article is free for reproduction but must be reproduced in its entirety, including live links and this copyright statement must be included. Visit www.moorepay.co.uk/payroll_outsourcing for more services!
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