My thanks to a loyal reader who sent me this link from the ICAEW Taxforum, where one observant commentator has spotted a "wee flaw" in HMRC's alleged "relaxation" of the rules re RTI submissions:
The recent relaxation only applies if a number of conditions are met:
Payments which meetall of the following conditions:
- made to employees for work done on the day of payment;
- made non-electronically (e.g. cash or cheque);
- made at a time or place where it would be impractical for it to be reported ‘on or before’ the time of payment;
- where the employer cannot know how much the payment will be in time to report the information in advance of the payment being made.
Note, in particular, condition 2 - so a payment by electronic transfer (made over the phone to my bank as soon as I know what my part-time nanny's hours have been for the day) does not qualify. Please could someone let HMRC know that (a) electronic payments are not necessarily made by large employers with big computer systems and (b) cheques are going to be abolished! I will start paying her in cash - oh no, that's immoral isn't it....?
Professional Cover Against the Threat of Costly TAX and VAT Investigations
Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.
Ken Frost has negotiated a 10% discount on any polices that may suit your needs.
However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.
What is Solar Tax Investigation Insurance?
Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.
To find out more, please use this link Solar Tax Investigation Insurance
Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.
Click the link to read about: Tax Investigation for Dummies
HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"