Pay Academy

HMRC have fed back some of the conclusions that have emerged from the consultation process last year. Key facts are as follows:-

• Timescale has moved backwards (what a surprise) likely introduction will be between April and October 2012
• Information will not now be processed via BACS as was initially mooted. Information will be fed in via existing channels being Government Gateway or EDI
• Additional employee information required will be passport numbers for those without NINOs and also disclosure about how many hours each employee works (likely to be in bands)
• The have retracted the requirement to include details of holiday pay and strike pay due to adverse response in consultation.

The burning questions that have not been addressed by HMRC are what exactly will they do with all this extra information and who and when will it be processed into anything usable?

Post filed under Comment and tagged HMRC, PAYE, real time infomration, RTI.