HMRC stands firm on RTI go-live date

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HMRC has said it will stick to a plan to introduce a ‘real-time’ pay-as-you-earn tax system by 2013, despite concerns from employers and payroll software companies that the timetable is “unachievable”. Nick Huber reports.

As part of a plan to modernise PAYE, which was introduced in 1944, employers will send information about tax and national insurance they deduct from employees’ wages to the Revenue when they are made - rather than at the end of the tax year as happens now.

The current system causes overpayments and underpayments of tax because some information is out of date.

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About Nick Huber

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I’m a specialist business journalist and have a particular interest in tax and technology. 


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