2012-13 PAYE Settlement Agreements payment reminder

Posted on 29 May 2019
Share Blog Post

HMRC are reminding taxpayers who have a PAYE Settlement Agreement (PSA) with HMRC to make sure they settle their 2012-13 PSA payments of tax and Class 1B NICs by 19 October (for cheque payments) or 22 October (for electronic payments) or face a late payment penalty, reports Harris & Co chartered accountants Northampton.

HMRC are also reminding taxpayers to use the right payment reference when making a payment (i.e. the reference number on the PSA payslip, beginning with "X", and not the PAYE Accounts Office reference).

A PSA is a flexible scheme that can be used to settle any PAYE tax and NICs due to HMRC on the following expenses and benefits: (i) minor items,(ii) irregular items and (iii) items where it is impractical to operate PAYE on or to value for P9D/P11D purposes. If HMRC agree to include an expense or benefit in a PSA, taxpayers will just need to settle the tax and NICs due on the items covered by a PSA with a single payment that includes both the tax due and the Class 1B NICs.

The tax and Class 1B NICs owed under a PSA are to be paid to HMRC no later than 19 October (22 October for electronic payments) following the tax year to which the PSA relates.

View more blog posts

Two tier tax system introduced
Posted on 07 May 2025
Two tier tax system introduced
read more
Lending gap stifles UK SME's
Posted on 30 Apr 2025
Lending gap stifles UK SME's
read more
Costly tax compliance
Posted on 23 Apr 2025
Costly tax compliance
read more
SME owners flee UK in droves
Posted on 16 Apr 2025
SME owners flee UK in droves
read more
Back To Top
01604 660661