A PAYE Settlement Agreement (PSA) is a way for employers to make one annual payment to cover the tax and National Insurance due on certain expenses and benefits provided to employees (usually minor, irregular, or impracticable to tax through payroll).

This can help keep things simple, saving you and your team from extra admin.

Here are the important deadlines:

• Apply for a PSA: by 5th July following the end of the tax year.
• Pay what’s owed: by 19th October (cheque) or 22nd October (online).

Whether you need help with a PSA, or want to outsource your entire payroll function, get in touch with Danbro Business Accounting.

We’ll save you time, reduce costs, ensure compliance, and free you to focus on growing your business. At Danbro Business, we understand that outsourcing payroll is a big decision that requires trust. With over 25 years’ experience in managed and back-office payroll, we deliver efficient, accurate, and timely payroll services. Our high-level reporting keeps you in control, while you make sure your employees are paid in full and on time, every time.