The journals for HMRC and the pension
Two journals move what is owed to HMRC and to the pension provider out of the wages control account. Work out each one and post it.
Task 1The amount owed to HMRC3 questions
The second journal moves the amount owed to HMRC out of the wages control account and into an HMRC account.
| Item | Amount |
|---|---|
| Gross pay | 6,400.00 |
| Income tax (PAYE) | 800.00 |
| Employees' National Insurance | 410.00 |
| Employer's National Insurance | 600.00 |
HMRC is owed the income tax, the employees' National Insurance and the employer's National Insurance. The HMRC account is a liability until it is paid.
Task 2The amount owed to the pension provider3 questions
Task 3Paying HMRC and the pension provider3 questions