Employment intermediaries: reporting obligations
03 December 2014
The Institute of Chartered Accountants in England and Wales (ICAEW) have published their comment on the draft secondary legislation about employment intermediaries - The Income Tax (Pay As You Earn) (Amendment No X) Regulations 2015 - published by HMRC on 1 October 2014.
In their response ICAEW say that their main concern is “the enormous burden that will be faced by affected businesses given the practical and legal difficulties in complying with the reporting obligations” in the draft legislation. “Not only will many of the proposed reporting obligations be impossible to meet (eg, not every worker will have a UTR) but some information requirements seem unnecessary (eg, reporting for three years after the last transaction).”
ICAEW also express major concerns about the security of personal data.