As we discussed, in this years Payroll Update course, HMRC has been in consultation to review further areas of collection of data through the RTI process.Some were left out during the initial implementation while others have come into focus over recent years.As such, the data review looks at the self-employed, business owners and directors and other areas to support auditing the workforce for compliance.
The initial process can be viewed here:
The consultation: Improving the data HMRC collects from its customers,
Over the three areas, the consultation covers seven requirements where HMRC say that collecting additional data could bring significant benefits.The consultation included:
- the business sector of the self-employed
- the occupations of employees and the self-employed
- the location of an employment or a business
- the hours employees’ work
- the start and end dates of self-employment
- dividends paid to shareholders in owner managed businesses
- the percentage share they hold in their own companies
The latter two along with the self-employed areas are confirmed in the policy document and it will be interesting to see where HMRC goes with the remaining items which would require significant change for the payroll department.
