What we think

RTI glitch sees up to 40,000 with incorrect PAYE code

HMRC has acknowledged that problems with the new Real Time Information (RTI) system could see many taxpayers receiving incorrect PAYE codes. Estimates suggest up to 40,000 people may have been given the wrong code due to a mis-match of information on the RTI system. HMRC is relying on employers and their employees detecting the errors… Read more

Tax Update: Partnerships – Consulting On Perceived Abuse

In his 2013 Budget, the Chancellor announced that the Government would consult on two perceived misuses of partnerships: to remove the presumption of self-employment for limited liability partnership (LLP) partners, to tackle the disguising of employment relationships through LLPs; and to counter the artificial allocation of profits to partners (in both LLPs and other partnerships)… Read more

40,000 Incorrect PAYE Codes

HMRC has acknowledged that problems with the new Real Time Information (“RTI”) system could see up to 40,000 people being issued with incorrect PAYE Coding Notices. The errors have arisen due to partial Employer Alignment Submissions (“EAS”) being made where businesses have more than 250 employees, which has resulted in Benefit in Kind histories being… Read more

PAYE for employers: Real Time Information and annual schemes

HMRC have issued a clarification on the criteria for registering a PAYE scheme as annual. A scheme must meet the following requirements: All the employees are paid annually All the employees are paid at the same time/same date The employer is only required to pay HMRC annually HMRC have now added that businesses not meeting… Read more

Delay to HMRC 2013/14 Payment Booklet Issue

HMRC have announced that there has been a delay in the final issue of Employer Payment booklets for the year 2013/14. The last booklets were sent on Tuesday 30 April 2013 and may take up to three weeks to reach employers. HMRC have asked employers not to call the department to ask for a replacement… Read more