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,
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
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.