The Forum of Private Business (FPB) has published news of its recent research findings that point the finger at RTI for raised compliance costs.
The FPB , who last carried out research in 2011, have found that firms are paying 11% more to external providers of payroll and tax support compared with findings in 2011, which, the employer support organisation said, “ was most likely down to the introduction of Real Time Information”
The Forum's policy adviser Robert Downes said:
"Our research shows little has changed in terms of what's costing small business the most for compliance costs. The stand-out surprise though has to be the huge increase in spend on external contractors. "We believe this is largely down to RTI, and firms having to pay a payroll specialist to manage their employees' PAYE bills, but by contrast businesses are paying out slightly less on internal compliance managed in-house. The logic here seems to be to pay an expert to do a job they can no longer do themselves, for whatever reason that may be."
HMRC ISSUES UPDATED MESSAGES ABOUT RTI SUBMISSIONS
15 July 2013
HMRC has issued updated messages about reporting hours worked and about the PAYE filing and payment position for employers reporting PAYE in real time.
The first explains the importance of recording the correct number of hours employees normally work to help ensure that they receive the right amount of benefits and tax credits they are entitled to.
The second message is an update on HMRC's earlier messages about the PAYE filing and payment position for employers reporting PAYE in real time, as this month is also when:
those who pay HMRC quarterly will make their first payment of the year any Class 1A National Insurance contributions (NICs) payment for 2012-13 is due
HMRC PUBLISHES REPORT SUMMARISING THE FINDINGS FROM HMRC'S REAL TIME INFORMATION PILOT.
19 July 2013
The RTI pilot started in April 2012 with a small group of volunteer employers and increased in three stages up to March 2013 by which time over 6 million individual records were being reported in real time. This enabled HMRC to fully test the RTI process, prior to full roll out, by identifying and resolving problems, and anticipating risks and issues.
The report summarises the findings from the pilot by explaining the background and summarising the tangible benefits that crystallised as the pilot progressed.
RESEARCH UNDERTAKEN TO HELP HMRC PREPARE FOR RTI IS PUBLISHED
22 July 2013
HMRC has published the results of a series of research exercises undertaken by its Analysis department to aid and inform the introduction of Real Time Information.
CIPP Policy News Journal
16/04/2014, Page 334 of 519
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