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Exam scheme employers face RTI reminder

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HMRC has announced it will be sending letters to approximately 450 exam scheme employers to advise them that, from 6 April 2014, they should operate standard PAYE and report it to HMRC in real time. Letters will be sent out to approximately 50 elect schemes before the end of October 2013. This follows on from the publication of the direction requiring exam or elect scheme employers to report PAYE information in real time from 6 April 2014. The letters explain what the employers will need to do to get ready to report and the changes that operating standard PAYE will bring. Accompanying the letters will be: a helpsheet for getting ready to report PAYE in real time; and a formal notice of HMRC’s intention to terminate the current special PAYE operating arrangements for electoral and exam schemes. The notice also contains more information about HMRC’s review of the current PAYE arrangements for these two schemes.

Issue: 1187
Categories: News , Employment taxes