If your business ceases to employ anyone and you have no plans to take on any more staff, you may want to think about closing your PAYE Scheme.

If you do want to cease your PAYE scheme, you will need to notify HMRC straight away by completing a final payroll return (either a Full Payment Submission (FPS) or an Employer Payment Summary (EPS)).

You will also need to settle any outstanding tax and National Insurance liabilities, and submit any P11D expenses and benefits forms due to HMRC.

For further information, please see your accountant or financial advisor.