More than 1.6 million employer PAYE schemes, covering over 40 million individual records, are already reporting in real time since the launch of new reporting requirements in April, in what has been described as the biggest change to PAYE in more than 70 years.
This month, around 167,000 employers who have missed one or more deadlines for reporting PAYE will receive a letter. HMRC advises that employers need to act now and start reporting in real time.
If employers have not reported because they don’t pay anyone, the PAYE scheme has closed or it is no longer operating, they still need to let HMRC know by calling our Employer Helpline. Employers or agents (acting on behalf of their clients) who have set up unused PAYE schemes should contact HMRC to close them.
HMRC’s Director General for Personal Tax, Ruth Owen, said: “Over 85 per cent of employers are now reporting PAYE in real time but our records show that 167,000 employers have yet to send us a PAYE submission. Reporting PAYE in real time makes it easier for employers to pay HMRC the right amount and avoid late payments and penalties.“
HMRC is not writing to employers who have registered their PAYE scheme as an annual scheme.
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Susie Hughes © Shout99 2013