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Payroll warning to Sheffield area companies

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Many smaller employers in the Sheffield region have not even started to get to grips with the Government’s new compulsory payroll system and are risking penalties from next April, a tax specialist warned today.

Stephen Charles,Tax Partner at Sheffield-based independent chartered accountants and specialist business advisers Hawsons, of Glossop Road, said that because companies with fewer than 50 employees are not adapting to the big change in the PAYE system, known as RTI (Real Time Information), as well as bigger companies, they have been given an extension until April 14 to get their act together.

He added:

“But it now seems clear that the gloves will be off from next April and HRMC will undoubtedly be issuing penalties to those companies who are dragging their feet.

“So it is in their interests to take action as soon as possible to avoid falling foul of the regulations.”

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