Tax Calculations & Reporting
Service detail
Tax compliance is crucial for any business, and at Swing House Ltd, we offer expert tax calculations and reporting services that ensure your payroll is fully compliant with the latest UK tax laws. We handle all aspects of tax calculation and submission, so you don’t have to worry about missed deadlines or costly errors. From PAYE tax deductions to HMRC submissions, we provide accurate and timely services that keep your business running smoothly and in full compliance.
PAYE Tax Calculation
PAYE (Pay As You Earn) is the system used by HMRC to collect Income Tax and National Insurance contributions from employees’ wages. We ensure that the correct amount of income tax is deducted from your employees based on their tax codes, salary, and current tax bands.
National Insurance (NI) Contributions
We calculate and deduct National Insurance contributions (both employee and employer portions) based on the current rates and thresholds set by HMRC.
Statutory Deductions & Other Contributions
We manage pension contributions, including auto-enrolment compliance. This includes calculating both employee and employer contributions to pension schemes in line with government regulations.
Real-Time Information Submissions
We take care of all RTI submissions to HMRC, including payments for Income Tax, National Insurance, and other statutory deductions.
End-of-Year Tax Reporting
We generate P60 forms for all employees at the end of the tax year. These forms summarize employees’ total pay and tax deductions for the year, and are essential for their personal tax records..
Tax Code Management
We ensure that each employee’s tax code is up to date. If your employees have any changes to their tax code we will update their tax code accordingly to avoid over or underpayment of taxes.