HMRC PAYE review is radical for the industry
What do you think of the PAYE review published yesterday? It’s pretty radical stuff to feed all employee data to HMRC each pay period from April 2012 and from 2015 move to HMRC calculating tax and NICs. It should be a huge opportunity for the profession to move away from being seen as purely transactional and at last have the time to act as reward professionals providing advice to their organisations on tax efficient remuneration, managing the salary bill and utilising the mass of employee data that we ‘own’. I imagine it will certainly shake up the software market as one wonders whether legacy systems will cope with this proposal as well as the 2012 pension reforms. I’d also be interested to discover what the bureaux think of the centralised deduction proposals and the impact on their offer
Kate Upcraft
Payroll writer and lecturer
ISIS Support Services Ltd
kateupcraft@btconnect.com
