London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Real Time Information (RTI) – PAYE update

HMRC has (finally) admitted that the introduction of RTI may lead to more costs and problems for business than previously advised.  HMRC said it would monitor the possible burdens and consider whether any improvements are needed during the next few months as businesses get to grips with the new regulations.  HMRC has expressed gratitude to employers that had provided feedback about the impact of the new requirements.  HMRC acknowledges that its estimates on time and costs assume employers currently operate a standard approach to PAYE and that its figures may not take into account bespoke arrangements that employers have put in place to suit their particular organisations.

However, HMRC will not be in a position to update their analysis of the impacts on business until summer 2013, once the pilot is complete and further evidence on the extent of bespoke arrangements can be gathered in the early stages of the main roll-out. 

Again I think – watch this space.

 

 

Date: 11th April, 2013
Author: Cathy Corns

SHARE THIS

Articles from this Author

4th April, 2018
EMI options - a current risk

20th March, 2018
Beneficial loans

20th March, 2018
IR35 consultation

20th March, 2018
Tax codes

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

Mercer & Hole Chartered Accountants support @alzheimerssoc as their charity of the year bit.ly/2EJbtw5 pic.twitter.com/3KLTdzwPnD

Jamie Wooldridge to speak at the Business Accelerator Summit MK bit.ly/2qih6wf @brightbizadvicetwitter.com/i/web/status/9…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn