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18 September 2012
RTI masterplan; Fiscally foxed; Storing up trouble?; Clubbing
RTI masterplan
The idea that all employers will have to comply with real-time information (RTI) electronically and have to do it on or before the date of payment strikes me as a compliance headache to say the least.
I also see from Philip Nye’s article At a crossroads that even HMRC have had to defer the “on or before” requirement from the pilot presumably because they realise it won’t work. So will it be a requirement in April 2013 without ever being tested?
In an attempt to mitigate the administrative effects of RTI I am about to recommend to my small company clients the following.
- Calculate the likely amount that can be drawn as dividend over the coming year divide by 12 knock a bit off for prudence and declare that as a dividend each month. ...
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