ICAEW Tax Faculty

ICAEW “right behind” quality standard that experts call “ill-conceived”

The penalties regime of the real-time information (RTI) reporting of PAYE will not begin October, HMRC have announced, signalling a six-month postponement.

Automatic fines for late filing and overdue payments were due to begin on 6 April, but the Revenue has introduced a delay after finding it needed time to improve RTI systems and guidance.

The new timetable will be:

HMRC issue guidance on how difficulties will be handled

The tax system should be an asset to the UK’s economy, said David Gauke in his Hardman speech. ALLISON PLAGER reports

ICEAW confirms validity of curious HMRC email