HMRC has temporarily stopped employers and their payroll agents from switching their pay cycles to lessen the administrative burden of RTI.
In new guidance published on its website today, the tax department explained, “There has been a recent increase in the number of employers and agents requesting the registration of PAYE schemes as annual.
“Please note that, at the moment, HM Revenue & Customs (HMRC) are unable process requests from employers to:
- move to paying annually and register as an annual scheme
- change their payment frequency.
“HMRC are working to rectify this position and will publish a further 'What's New' message to announce when this is ready.”
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About John Stokdyk
AccountingWEB’s Head of Insight has been with the site since 1999 and likes to spend his time studying accountants’ technology habits. When not nerding out, you can find him exploring obscure indie music and searching for the perfect organic sourdough loaf from his base in Brighton, UK.