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A PILOT for real-time PAYE information (RTI) has begun, with the first ten volunteer employers – including HMRC – submitting their RTI return.
It is hoped RTI will make it easier for employers, pension providers and HMRC to administer PAYE. real time tax information will allow employers and pension providers to inform HMRC of PAYE payments
HMRC has agreed a new approach to PAYE late filing penalties with professional tax bodies to lessen the number of companies receiving notices for £400+ fines in September each year.
As part of its initiative to improve service standards, the tax department worked with the bodies to tackle some of the most aggravating issues, one of