HMRC Is Shite

HMRC Is Shite
Dedicated to the taxpayers of Britain, and the employees of Her Majesty's Revenue and Customs (HMRC), who have to endure the monumental shambles that is HMRC.

Thursday, 14 March 2013

RTI Savings?

With less than a month to go until the introduction of RTI, HMRC has launched an advertising blitz telling the world how wonderful it will be (they even manage to mention Churchill - the late Prime Minister, not the insurance dog).

In a press release issued Monday HMRC claimed that:
"It will reduce administrative burdens for employers by around £300 million every year."
Errmmm....I'm not entirely sure as to where that £300M figure has been derived from (Homer quoted the same figure in February, but did not validate it)?

I also wonder if the costs to those SME's without payroll functions has been taken into account?

Additionally as I noted in January, companies will need to invest in new payroll software, or update their current systems to comply with RTI; these costs have to be borne by the companies.

Tax does have to be taxing.

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1 comment:

  1. Winston Churchill, he of Gallipoli, Tonypandy and Glasgow fame you mean?

    Bad choice, depending on your view of history.

    Obviously well researched by someone at HMRC.

    Would have been better quoting operation "Overlord" having taken place during the year that saw PAYE introduced.