Tuesday 24 September 2013

HMRC's Employer Bulletin

As per HMRC's September Employer Bulletin:
"HMRC would like to thank all employers, pension providers, agents and software developers who have helped to make the move to real time reporting go so smoothly. With a change of this size, there have inevitably been a few teething troubles but, working together with employers, their representatives and their software providers, these have quickly been put right."
The Bulletin goes on to announce the introduction of Generic Notifications:
"HMRC wants to help employers get things right and to avoid incurring penalties. To that end, in October we will introduce a series of new notifications aimed at helping employers to manage their PAYE affairs. These will be referred to as ‘generic notifications’.

What are generic notifications?

These are electronic messages to help you manage your PAYE affairs. Initially we will be sending four types of messages to employers, all of which are designed to advise employers that they are at risk of incurring penalties in future."
Additionally transitional arrangements for employers with fewer than 50 employees were originally scheduled to end on 5 October this year but, after listening to stakeholders, it will come to an end in April 2014.

 Tax does have to be taxing.

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