MPs have raised concerns about farmers’ exemption from a new requirement to file RTI.
From April 2013, most employers will have to send information about tax and national insurance they deduct from employees’ wages to HMRC 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The current system causes overpayments and underpayments of tax because some information is out of date.
In a Public Accounts Committee (PAC) hearing earlier this month on HMRC’s efforts to reduce corporate tax evasion and “aggressive” tax avoidance, the committee’s chair Margaret Hodge said they "did not find it reassuring" that people running agricultural businesses would only have to file RTI every seven days.
About Nick Huber
I’m a specialist business journalist and have a particular interest in tax and technology.