Chaos warning over real-time PAYE

The Sunday Telegraph has warned that businesses face a nightmare of red tape following the introduction of Real Time Information for PAYE.

Though the scheme will not apply to smaller companies until the autumn, tax experts believe the complex system required to handle real-time data for employers will result in chaos.

The Sunday Telegraph claimed that many employees in receipt of benefits would have any Christmas bonus clawed back by reductions in tax credits or benefits in the same pay packet.

Up to a quarter of smaller firms are not even aware of the introduction of the scheme.

Steve Clark

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