TaxPersonal TaxPay slips could disappear under HMRC PAYE reforms

Pay slips could disappear under HMRC PAYE reforms

HMRC investigating how to reform PAYE system after millions underpaid their tax

HM Revenue and Customs is investigating whether to deduct tax, pay-check by
pay-check under plans to reform the PAYE system,
The
Daily Telegraph reports
.

Under the system, monthly payments would go through HMRC with workers being
handed the net salary. Accountants, lawyers and businesses are being consulted
according
to the Telegraph
, which follows revelations millions of tax payers had over
or underpaid tax..

The system may end the practice of receiving pay slips, with employers
reliant on HMRC to make deductions.

Further Reading:

HMRC
could take direct control of pay cheques after tax errors

HMRC’s
PAYE overhaul sparks widespread industry fears

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

4d Lucy Skoulding, Reporter
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

5m Emma Smith, Managing Editor
Rangers tax case to have ‘dramatic’ consequences for football and business

Legal Rangers tax case to have ‘dramatic’ consequences for football and business

5m Emma Smith, Managing Editor
HMRC collects record £5bn in inheritance tax

HMRC HMRC collects record £5bn in inheritance tax

6m Emma Smith, Managing Editor
The top three issues that the next government must address for accountants

Making Tax Digital The top three issues that the next government must address for accountants

6m Emma Smith, Managing Editor
HMRC cuts over 150 offices to reduce running costs

Corporate Tax HMRC cuts over 150 offices to reduce running costs

11m Stephanie Wix, Writer
Finance Bill 2017: Corporate tax reporting requirements 'a burden'

Business Regulation Finance Bill 2017: Corporate tax reporting requirements 'a burden'

1y Stephanie Wix, Writer