Organisations with nine or fewer employees will be allowed to report PAYE information on or before the last payday of the month, rather than every payday until April 2016, to help them adapt to real-time information (RTI) reporting.
Ruth Owen, director general for personal tax at HMRC, is quoted by employee benefits:
“The vast majority of employers are now successfully reporting PAYE in real time and are finding it easier to do this than they expected.
But we appreciate that for some micro employers it has presented challenges for them to meet the deadlines.
This package strikes a good balance by ensuring RTI improves PAYE processes while minimising the impact on micro employers and their agents by giving them up to two years to adapt.”
Tax does have to be taxing.
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