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.
Freelancers and micro-businesses still need more information about the government’s plans to make tax digital
The government is pressing ahead with changes to the way it taxes individuals with a foreign domicile
I will feel slightly awkward when I write to the client who is about to receive a large invoice from the PAYE expert, offering him the fee protection going forward
IHT take up 17% in just a year as more estates pass tax threshold