Notes - Adam Procter

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28 Nov 2012

Her Majesty’s Revenue and Customs (HMRC) Tax changes

Sounds good to me - however will it be paperwork heavy for small business and self employed individuals ?

“Her Majesty’s Revenue and Customs (HMRC) has directed that employers change the way that they provided routine pay information. In future, pay information must be provided to HMRC to verify calculated tax monthly, rather than once a year. This should ensure that employees and workers do not receive a large tax bill at the end of the tax period and, in future, enable the payment of certain benefits.”

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