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11 Mar 2011
HMRC IS "RUSHING" through proposed changes to pay as you earn (PAYE) systems, the Chartered Institute of Taxation has claimed.
The intended reforms will require employers to submit PAYE information to the taxman in real-time. HMRC hopes to inform software developers of data requirements by 31 March 2011, with volunteer employers testing the system in April 2012.
Further reading
Large employers will then be required to use the new system from January 2013.
Anthony Thomas, CIoT deputy president said: "HMRC's record of managing big IT projects is not good, and if they insist on rushing this reform through then it will look to many people like an accident waiting to happen.
"We are particularly concerned that the short timeframe in which RTI (real-time information) is being introduced will lead to significant administrative burdens for employers and uncertainty for employees."
The CIoT is also concerned that security issues are not being properly addressed by HMRC.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
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Visitor comments Add your comment
HMRC are not fit for purpose
They withhold tax on SA repayments because they want to.
Online says its cleared.
Phone says its not
"Protocols" say they will take 5 working days to "respond" but not deal or explain.
SA has one set of transactions per year and they cannot get that right.
Can you IMAGINE the mess when they are dealing with weekly transactions.
Please no!!!
Posted by: Eleanor, 11 Mar 2011 | 17:56
HMRC Failed
Mike Clasper of HMRC has admitted that it will take them until 2013 to get themselves sorted. I believe it will take them even longer than that and if they force through changes like this at short notice then it will never happen.
In addition the Government have said that they will reduce the administrative burden on businesses. This will add a major burden on businesses at a time when they can least afford it.
Posted by: Nigel Reynolds, 18 Mar 2011 | 13:21