Limited company contractors who want to pay themselves annually instead of monthly under the Real Time Information (RTI) regime can now proceed with HMRC.
Up until now the Revenue has been unable to deal with requests it received from employers wanting to change the status of their PAYE schemes to annual.
At the end of April, when RTI went live, HMRC stopped employers and their payroll agents from switching their pay cycles to “lessen the administrative burden” of RTI. By May HMRC revealed that the delay had been caused by a software glitch.
However it announced last Thursday that a “fix” was...