A number of small companies may decide to employ the services of
a third party or agent to calculate employees' wages and keep their
wage records. All payments of tax and NICs are calculated and paid
to the Accounts Office under one PAYE scheme.
Although tax and NICs are paid through one scheme, each
business is considered separately for recovery under PTS. If any
SSP can be recovered on behalf of a client company, the agent will
calculate and record the recovery due and claim it back through
their normal payments to the Accounts Office.
At the end of the tax year all amounts paid and recovered
should be recorded on the agent’s End of Year Returns, form
P35.
