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HMRC cuts concessions for payroll shake up
Concessions made to small businesses by HM Revenue & Customs over radical PAYE reforms have been watered down, say tax advisers.
They say they are being limited to businesses with fewer than 50 employees which do their payrolls manually, rather than with the aid of a computer.
But HMRC says it has not changed the scope of the temporary relaxation of reporting requirements for small employers. Until October 5th they can send payroll data on a monthly basis.
Fears that the smallest businesses would struggle to cope with the more demanding Real Time Information System, even with the help of free software, led to HMRC bowing to pressure to give them more time to adapt.
About the author
12 March 2020
One ought never to turn one's back on a threatened danger and try to run away from it. If you do that, you will double the danger. But if you meet it promptly and without flinching you will reduce the danger by half
Failure can be a positive experience. It is, in a sense, the highway to success. Every fresh experience points out some form of error which we shall afterwards carefully avoid.
I am not discouraged, because every wrong attempt discarded is another step forward.
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