HMRC PAYE update (PAYE Pooling)
HMRC have provided a further informal update on PAYE related matters for sharing. The update covers PAYE Pooling and possible changes to the PAYE system.
This week HM Revenue & Customs has published a discussion document about a possible change to the Pay As You Earn (PAYE) system to give closely connected employers the option of being treated as a single entity for PAYE purposes (PAYE Pooling). We would like to gauge the level of interest amongst employers for PAYE Pooling and explore the extent to which it could benefit employers in terms of reduced administration time or costs. This document also outlines how PAYE Pooling might operate and invites views on those proposals. The closing date for responses is 15 December 2011.
28 October 2011