Nanny Tax or Nanny PAYE? Or other??

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IndyB
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Nanny Tax or Nanny PAYE? Or other??

Postby IndyB » Sun Jul 20, 2014 3:54 pm

Hi,

Just wanted to get some input about the providers that will sort out nanny salary, tax and NI payments.

Have you used Nanny Tax or Nanny PAYE? Or are there others you recommend? How onerous is it to do yourself?

Thanks in advance for your help!
Peggy20
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Re: Nanny Tax or Nanny PAYE? Or other??

Postby Peggy20 » Sun Jul 20, 2014 7:55 pm

On the advice of other NVN users recently we went for TaxNanny. They are a lot cheaper than the other more popular providers (£99 p.a) and offer a no-frills service.

Saying that - they do all that you need and have been helpful when we have needed it to date.


http://www.taxnanny.co.uk/
calgary
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Re: Nanny Tax or Nanny PAYE? Or other??

Postby calgary » Sun Jul 20, 2014 10:59 pm

We've used Nanny PAYE for the last 3+ years and they've been excellent.
BTCparent
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Re: Nanny Tax or Nanny PAYE? Or other??

Postby BTCparent » Mon Jul 21, 2014 11:10 am

I have used Nannytax for 12 years now and never had any issues.
Gillak
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Re: Nanny Tax or Nanny PAYE? Or other??

Postby Gillak » Mon Jul 21, 2014 1:35 pm

Has anyone just done it themselves? Is it really that onerous?
IndyB
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Re: Nanny Tax or Nanny PAYE? Or other??

Postby IndyB » Tue Jul 22, 2014 10:25 pm

Good question- how hard is it to do the tax,NI etc yourself?
twocheekymonkeys
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Re: Nanny Tax or Nanny PAYE? Or other??

Postby twocheekymonkeys » Wed Jul 23, 2014 6:49 am

I've always done it myself. It's not that difficult - you need to register for PAYE with HMRC as a small employer, and they have lots of guidance on their website. They have free software for which you essentially enter the pay details every time you pay and they calculate the net pay, employees NI, employers NI and PAYE tax for you. I used Excel to create a payslip template (based on mine!) and give that to the nanny which I just update every month using these numbers. Once a year you also need to submit annual returns, benefit statements etc. They send you reminders.

You need to give the information to the service provider in any case, and that for me was always the most complicated part (working out hours to pay, hours of holiday taken etc).

It did get complicated when I had to do maternity pay but otherwise it's relatively straightforward.