A JOINT BODY of accounting institutes has released updated guidance on real-time PAYE for tax practitioners.
Representatives of the ACCA, ATT, CIoT, ICAEW and ICAS have drawn up changes to letters of engagement and payroll services advice in order to help practitioners prepare for the shift to the new system.
In particular, guidance pertaining to the cancellation of contracts and consumer protection was also amended.
Real-time information, to be rolled out nationally from April, will see PAYE reported on or before the date payment is made, while changes to a person's circumstances will be made straight away rather than at the end of the financial year.
The amended guidance is available here.
Sign up for Financial Director email alerts
Please enter your email below to receive your profile link
Search by job title, salary, or location - we only list senior financial roles
Our panel of experts explore the major pension pain points and discuss what actions finance professionals should be taking in order to alleviate them
This Financial Director web seminar with Anaplan, the planning cloud for sales, finance, operations, and HR discusses how businesses can use enterprise data
Send to a friend