TechnologyPAYE reform rushed warns BASDA

PAYE reform rushed warns BASDA

IT industry calls on taxman to slow down reform of PAYE technology

TECHNOLOGY TRADE BODY BASDA has raised concerns over major changes planned for employees’ tax system.

HM Revenue & Customs has proposed to connect banking systems with the pay as you earn (PAYE) tax system to provide the taxman with real-time information.

BASDA said that while the idea has “merit”, there could be problems with functionality.

BASDA said HMRC had not taken into consideration the technology reform that will be required by banks, as well as the internal restructuring needed in many organisations.

The new system would not be able to respond to future legislative changes, BASDA warned.

A consultation on real-time information recently closed and HMRC is proposing a change over date between 2012 and 2014.

Related Articles

Is predictive analytics the end of the annual audit?

Audit Is predictive analytics the end of the annual audit?

3d Martin Herron, MHA MacIntyre Hudson
HMRC scaling back digital projects to ‘release project capability to EU Exit work’

Brexit HMRC scaling back digital projects to ‘release project capability to EU Exit work’

3w Alia Shoaib, Reporter
Guide to Making Tax Digital for individuals

HMRC Guide to Making Tax Digital for individuals

3m Emma Smith, Managing Editor
Guide to Making Tax Digital for businesses

Making Tax Digital Guide to Making Tax Digital for businesses

3m Emma Smith, Managing Editor
Making Tax Digital – still full steam ahead?

Making Tax Digital Making Tax Digital – still full steam ahead?

10m Margaret Curran
Making Tax Digital delayed to 2020 at the earliest for taxes other than VAT

Making Tax Digital Making Tax Digital delayed to 2020 at the earliest for taxes other than VAT

10m Alia Shoaib, Reporter
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

12m Emma Smith, Managing Editor
Spring Budget 2017: Making Tax Digital

Business Regulation Spring Budget 2017: Making Tax Digital

1y Shereen Ali, Deputy Editor