WHAT WE DO

PARIS & PARKS

 provides a service that helps make paying people more efficient either by improving compliance and so reducing risk and liability, assisting with delivery of tax efficient remuneration or reviewing and improving efficiency of the function.

Yvette Lamidey, founder
of Paris & Parks, is a consultant to, and for, the Institute of Payroll Professionals.      [more]

LATEST NEWS

IN-YEAR ONLINE FILING
Don’t let the delay in go-live with mandatory online filing for P45s and P46s for employers with more than 50 employees lull you into a false sense of security. There is still much to be done with system and possibly process changes required even if you already file these forms online.

GLOBAL PAYROLL
Even if there were such a product would your organisation be up to the challenge of moving to a truly global payroll solution and all that goes with this in management of such a system? And yes there are one or two out there that can deliver a true global solution!

CASE STUDIES

EXPENSES SOLUTION
How Paris & Parks helped a major high street retail company to put in an expenses management solution for all its businesses.

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  COMPLIANCE RISK AND ASSOCIATED COSTS

The cost of non compliance can be considerable with fixed penalties in respect of forms and returns where these are late or incorrect through neglect or fraud to the penalties for the incorrect deduction of tax.

End of year Returns may incur penalties for not filing online, late filing and incorrect information; P11Ds may incur penalties for late filing or incorrect information.

With effect from 2009 employers with more than 50 employees may incur penalties for failure to submit certain in-year forms on line including P45s for starters and leavers and P46s for starters.

Where incorrect tax and NICs have been deducted then the potential penalty is 100% of the outstanding amount which, through a negotiated settlement, maybe reduced for disclosure, co--operation in an investigation and the size and gravity of the amounts. Interest will also be incurred from when the deductions were due to have been made at the official rate of interest.

For an employer with more than 250 employees there is a requirement to pay the monthly tax and NICs electronically and by the published deadlines. Failure to do so will start to incur surcharges once criteria have been breached and since this is based on the total payments due can be a considerable amount far outweighing the interest that may have been gained by leaving money on deposit for an extra day or more.

Employers should always consider these penalties and the interest when considering any activity that has an element of risk.

Paris and Parks have assisted and led on negotiations with HM Revenue and Customs following compliance reviews or when there has been the need for voluntary disclosure and has achieved successful outcomes.




Also See:
Payroll Compliance, HR Compliance, Reduce Audit Costs, Sarbanes Oxley (SOX), Software, Compliance and Redundancy.