‘The PAYE story is a better one than when we looked at it six months ago and we welcome that – it is a better place to be in,’ the Chairman of the Commons Public Accounts Committee told David Hartnett, HMRC’s Permanent Secretary for Tax, on 17 October.
HMRC is seeking views on a possible change to the PAYE system to allow closely connected employers to be treated as a single entity for PAYE purposes.
David Cohen answers a query on tax-efficient share schemes.
HMRC is reminding employers that from April 2012 they may be asked to provide security where there is a risk of deliberate non-payment of PAYE tax and NICs. HMRC can already request a security for VAT.
The proposed treatment of disguised remuneration for national insurance contributions purposes would impose ‘impossible and unreasonable obligations’ on employers, according to the ICAEW Tax Faculty.
HMRC has published an updated list of scale rates for expenses payments that can be made without deduction of tax to employees travelling outside the UK.
Draft PAYE regulations will be published for consultation in the autumn, HMRC said as it published a summary of responses to its December 2010 consultation Improving the operation of PAYE: Collecting Real Time Information.