Following an energetic lobbying campaign by the Federation of Small Businesses (FSB), HMRC has announced that it is to introduce a temporary measure allowing small firms with less than 50 staff to report their payroll in regular time (once a month) rather than in real time.
The revised arrangements will remain in place until October, but the FSB would like to see the changes become a permanent measure.
It is great news that HMRC have listened to our call for the smallest firms to report regularly in line with their main payroll run, but not in real time. It has taken on board the FSB’s concerns about the time constraints and problems that small firms will face when having to report in real time. We hope that HMRC make this regular reporting a permanent measure to help the smallest firms they review the system in the summer. We look forward to seeing those findings.