HMRC to change year-end PAYE scheme
HMRC is to change its Pay As You Earn (PAYE) system to detect owed deductions on a monthly basis from 2012, in a bid to make the system easier for employers.
Using Real Time Information (RTI), tax and deductions will be transmitted to HMRC each time an employee is paid, meaning employers will no long be required to provide information using forms P35 and P14 after the year end or to send p45/46 when employees start or leave employment.
The phased introduction of RTI will begin in April 2012 with an initial pilot. HMRC hope to increase the number of employers joining RTI during 2012-13 following the scheme's success.
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Nothing HMRC
does is for the tax payers or agents benefit. It is only to get as much money they can in the shortest time.
To make things easier for employers
If you believe that is the motive, then you'll believe anything!