nannytax or do it on your own?

[SAMS73]

our nanny is going to start soon . just thinking about how to pay her .Requested info from hmrc. had a look at their website as well. It will be a fairly starightforward employment with 40 hours of work everyweek and we have agreed on a net of 6ph.Any help is appreciated. If possible want to avoid extra cost as we are strecting our limits to pay the nanny.DH job is insecure.

The forms are quite complicated and I'm scared of missing something or getting it wrong (and I deal with this stuff at work...)

Would highly reccommend www.taxnanny.co.uk for a minimalist service - about £105 for the year if monthly-paid and they look after all the forms and details. All I do is print out the payslip (email arriving with this reminds me to check the childcare vouchers and online payments for the month too, arrange the actual payment of money, and pay HMRC online once a quarter.

HTH

havent got the forms need to wait and see.Ho
w long u ghave used nannytax?

As you have agreed a NET wage, instead of GROSS (oh why don't people listen to me!) I would suggest you use a Payroll company, so giving them the hassle of making the Take Home salary the same each month. PAYEforNannies charges £115 inc VAT to do the Tax/NI calculations, payslips.
Using a payroll agency won't totally get you away from doing all the admin, but it will make it easier.

If you do fancy doing things yourself... then start by reading the forms available on the HMRC website:
PAYE - Introduction to PAYE.
New Employer Pack - especially P49 which is about paying someone for the first time. This takes you through the first months payroll run.

Nannynick - I have agreed on the net as this is what she wanted to take home (first time employer) Is it just the hassle of doing the tax or are we paying her more by agreeing on the net pay/hour.Panicking now

it's harder to work backwards from net pay to work out the gross/tax/ni, plus if tax changes you suffer the increase(which is more likely than a decrease) rather than the nanny.

A persons tax code can change, which may result in them getting more personal tax allowence, or less. If their personal allowence decreases, then there is more tax deducted as more of their income is taxable. By agreeing a Net wage, if their personal allowence drops, you pay more to the taxman.
If you have not yet signed contracts you can try to avoid this problem by working out the Gross Annual salary based on a specific taxcode, saying that it equates to £x take home, but that any changes to taxcode, or taxation rules may effect actual takehome pay. You agree to pay the Gross salary regardless of tax changes.
Does that make sense?
Can anyone explain it better?

She is only going to work for us and no other work involved so the tax allowance she gets per year will be utilised by us and not any oneelse.I have signed the contract nannynick.How can I get her taxcode.Sorry if dont make anysense

The tax office informs you of any changes to tax code.
HMRC document P49 details how to get initial starting tax code, I think.
With luck at next Budget personal allowence will go up again, which will be in your favour. Though of course it could go down.

definitely recommend nannytax (or equivalent)

Thanks for the adv. One learns from their mistake.Just have to pray that Darling does not make any major changes to the tax allowance