HMRC has launched a consultation on proposals to allow employers to delay reporting advance payments of salary made to employees. The consultation seeks views on a proposed new reg 67BD which would be inserted into the Income Tax (Pay As You Earn) Regulations, SI 2003/2682 and relieve employers of the need to report advance and regular salary payments separately.
Currently, employers are required to report salary advances to HMRC on or before the date they are paid. The new regulation would allow employers to delay reporting salary advances via RTI until the remainder of the salary instalment is paid, provided certain conditions are met.
HMRC has launched a consultation on proposals to allow employers to delay reporting advance payments of salary made to employees. The consultation seeks views on a proposed new reg 67BD which would be inserted into the Income Tax (Pay As You Earn) Regulations, SI 2003/2682 and relieve employers of the need to report advance and regular salary payments separately.
Currently, employers are required to report salary advances to HMRC on or before the date they are paid. The new regulation would allow employers to delay reporting salary advances via RTI until the remainder of the salary instalment is paid, provided certain conditions are met.
