The Chartered Institute of Payroll Professionals (CIPP) has published the results of its research on the impact of HM Revenue & Customs (HMRC) easements in respect of real time information (RTI). Its research also investigated whether employers and payroll bureau felt that RTI would add additional burdens on business. Participants were asked to share their…
New figures have suggested that very few small businesses are prepared for the introduction of Real Time Information (RTI), which is being rolled out from April 2013. A survey of 500 small enterprises by Crunch Accounting revealed that 46% of small employers had no knowledge of RTI, while a further 35% said they were only…
86 percent of respondents say they are now planning for RTI, according to KPMG survey But despite this, relatively few have completed the first stages of preparing for RTI 86 percent of businesses have started to plan for implementing Real Time Information (RTI) reporting of payroll data to HMRC when it becomes mandatory in April…
HMRC’s introduction of Real Time Information (RTI) into the PAYE system looks set to have a negative impact on businesses across the UK, with SMEs particularly badly hit. Presented by HMRC as a simplification of the PAYE system, RTI will in fact generate a significant administrative burden for employers. The overhaul will require employers to…
HMRC’s introduction of Real Time Information (RTI) into the PAYE system looks set to have a negative impact on businesses across the UK, with SMEs particularly badly hit. Presented by HMRC as a simplification of the PAYE system, RTI will in fact generate a significant administrative burden for employers. The overhaul will require employers to…
The All-Party Parliamentary Taxation Group has raised concerns about the timetable and costs of HMRC’s Real Time Information programme, whereby company payslip data will be transmitted to HMRC at the time employees are paid, rather than once a year. Real Time Information (RTI) is a cornerstone of the long awaited of reform of PAYE, a…
Commenting on today’s white paper from the All-Party Parliamentary Taxation Group, “PAYE at the Crossroads” which recommends a delay to the implementation of real time information reporting for PAYE, KPMG director, Steve Wade, said: “The chance of a delay to the introduction Real Time Information reporting (‘RTI’) for PAYE is slim to non-existent in our…
Commenting on HMRC’s consultation document and associated press release issued today on compliance and penalties with the forthcoming “Real Time Information” (RTI) regime, “Securing Compliance with Real Time Information – Late Filing and Late Payment Penalties”, Steve Wade, director and leader of the RTI project at KPMG in the UK, said: “We agree with HMRC…
April 2013 deadline potentially an unfeasible target for UK businesses New research from NorthgateArinso, a leading HR services company, has found that nearly two in three [63.9%] companies believe that HM Revenues and Customs (“HMRC”) should phase in the Real Time Information (“RTI”) Act over a longer period. And just under a third of respondents…
A consultation on late payment of Pay As You Earn (PAYE) and late filing penalties is to take place ahead of the main roll-out of Real-Time Information (RTI). As part of the Budget 2012, it has been announced that the Government intends to investigate a new model for facilitating penalties. Matthew Hunnybun, Tax Partner at…
Employers are leaving the planning for Real-Time Information (RTI) “dangerously late”, according to KPMG. Research by the firm has highlighted that two-thirds of companies have not started to prepare for the implementation of RTI, while 18 per cent said that they were not aware of upcoming deadlines in relation to it. HMRC wants organisations to…