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Post Info TOPIC: PAYE - Line 50
linda19


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PAYE - Line 50
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Hi,

Which N/C do i post the chq for the monthly PAYE to? Is it 2210. Do i have to split the amounts each month for Tax & Ni

 

Thank you 



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Bucks Bodger


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Hi Linda

Yes, if you use the standard form of journals :

Dr 7000 Salaries with gross pay
Dr 7006 with ERS NI
Cr Net Pay 2220 with net salaries
Cr PAYE/NI 2210 with amount due to HMRC.

When you write the cheque, you enter a Bank payment to 2210 to negate
the amount credited in the journal above, and the same with the salaries,
when you pay them you debit 2220 with the same amount as in the journal
above (assuming there are no under or overpayments).

There is no need to enter Tax and NI separately in the posting of the payment to HMRC.

Eunice

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Eunice Cubbage
linda19


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Thank you very much.


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