A JOINT BODY of accounting institutes has released updated guidance on real-time PAYE for tax practitioners.
Representatives of the ACCA, ATT, CIoT, ICAEW and ICAS have drawn up changes to letters of engagement and payroll services advice in order to help practitioners prepare for the shift to the new system.
In particular, guidance pertaining to the cancellation of contracts and consumer protection was also amended.
Real-time information, to be rolled out nationally from April, will see PAYE reported on or before the date payment is made, while changes to a person’s circumstances will be made straight away rather than at the end of the financial year.
The amended guidance is available here.
Student numbers among the main professional bodies have declined over the past four years. Simon Wright at CareersinAudit.com looks at why this might be happening and the call to action for the profession
CIMA study reveals qualified management accountants are paid £36,411 more than the typical British workers
CIot urges HMRC to consider a delay to the 1 September 2017 introduction of its new corporate offence of failure to prevent the criminal facilitation of tax evasion
ICAEW has applied to become an approved regulator and licensing authority for five reserved legal activities, restricted in three of them to the area of taxation