Call for real time information relaxations
05 August 2014
The Chartered Institute of Taxation (CIOT) makes this call in its submission to the review of the competitiveness of tax administration in the UK being conducted by the Office of Tax Simplification (OTS).
The CIOT announcement says that their clients find real time information reporting “too prescriptive, time consuming, and even unworkable”. They are seeking a permanent concession to allow small employers to report monthly, rather than at the time of each payment of salary or wages.