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The Chartered Institute of Taxation (CIOT) has welcomed the announcement by HM Revenue and Customs (HMRC) that they are willing to relax slightly the requirement for employers to submit PAYE information in ‘real time’. However, the Institute is warning that many businesses will still face significant practical hurdles in submitting their payroll to the taxman when they join RTI, as well as increased admin costs.
Growing numbers of people on low and moderate incomes are being misled and even forced into using limited companies in order to obtain work, and risk being caught in anti-tax avoidance legislation, say tax campaigners.1