HMRC have just published a news bulletin related to annual PAYE schemes. It would appear they've had an influx of employers looking to move to annual PAYE and they can't cope with the demand. (With annual PAYE you only need to make one RTI submission instead of the minimum of twelve for other pay intervals, so it's an easy way to cut submissions for one man companies.)
Therefore they're now no longer allowing employers move to annual PAYE schemes. It's just a temporary measure but if you were planning on using annual PAYE as your RTI get out of jail free card then I'm afraid you need to think again...
Remember you need to get your first RTI submission in by 19th May.
Details:
HM Revenue & Customs: Real Time Information and annual schemes
Therefore they're now no longer allowing employers move to annual PAYE schemes. It's just a temporary measure but if you were planning on using annual PAYE as your RTI get out of jail free card then I'm afraid you need to think again...
Remember you need to get your first RTI submission in by 19th May.
Details:
HM Revenue & Customs: Real Time Information and annual schemes
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