Security deposits for PAYE and CIS

By Tolley
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The following Employment Tax guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Security deposits for PAYE and CIS
  • When security deposits for PAYE and CIS are used
  • How security deposits work
  • Failure to comply with security deposits

When security deposits for PAYE and CIS are used

HMRC is able to ask employers for a security where there is a serious risk that they will not be able to pay over their PAYE and Class 1 National Insurance deductions to HMRC. The power is used by HMRC in high risk situations such as employers who:

    More on Mechanics of payroll: