Finance Bill 2011 proposals target PAYE dodgers
Posted by PM | on Thu, 09/12/2010 - 14:33 2047
The government has published draft legislation of its Finance Bill 2011 including new proposals to tighten up on PAYE and NIC payments.
Under the new powers, HMRC will be able to ask employers for a security on PAYE payments that are considered ‘seriously at risk’.
Non-payment of a security will be a criminal offence, and once the new powers are in place HMRC will be able to make an equivalent provision for national insurance contributions.
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