I've just been reading about RTI following all the letters to employers that have been received this week and come across the following on HMRCs Website:
Contingency plans
Have contingency plans ready in case of computer and/or other failures or problems, such as a loss of your internet connection. There's no facility to make your payroll reports via email, or by filling in a form on a web page. But you can send in your reports in advance of the actual payday.
So are we all supposed to be psychic and know exactly when our/our client's computer is likely to fail or our/their internet connection fails in advance????
I expect that the regime HMRC is currently thinking of will resemble the penalty regime for CIS. ie absolutely swingeing penalties for minor errors of ommission. Except worse for weekly payrolls... 52 opportunities for escalating penalties annually!
Or how to increase one's tax yield whilst telling the voters that tax is being kept low to help the economy.
Don't even get me onto interest on late payments on account for money that one may not even make until the end of period if at all.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Couldn't agree more. The swingeing CIS regime along with HMRC deliberately delaying P35 penalty notices is why we should have lavish RTI exemptions and late filing chances for the additional and new burden. I expect this is what respondents to the Penalty Consultation will be saying, but doubt this will be reflected in the regime.
