What does HMRC’s approach to the new regime mean for you?
The basis on which HMRC will ensure organisations comply with the new off-payroll working rules from 6 April 2021 has been published. This provides valuable insights to organisations as they prepare for the new regime, as well as demonstrates HMRC’s commitment to introduce the new rules without further delay.
HMRC intend to take a collaborative approach to helping organisations discharge their new obligations.
Key points are that:
HMRC will actively monitor RTI and other data they receive and focus their activities on sectors with high use of contingent labour. Compliance reviews will be carried out by a specialist team.
The new off-payroll working regime comes into force in fewer than 7 weeks. Publication of the compliance approach should allow organisations to consider HMRC’s expectations when finalising their planning.
The ‘light touch’ approach to errors in the first twelve months of the new regime is welcome, and organisations should take the opportunity to review their new processes – and refine them – based on their experience over this period.
Specific points to consider in the run up to 6 April and beyond include:
We have extensive experience of assisting organisations prepare for the new regime and have developed a suite of technology solutions that includes:
If you would like to talk through how KPMG can help your organisation prepare for the new off-payroll working regime, please get in touch with your normal KPMG contact, or e-mail Matthew Hunnybun, Caroline Laffey, Colin Ben-Nathan, Anne-Marie Robinson, or email@example.com.
Some or all of the services described herein may not be permissible for KPMG audited entities and their affiliates.
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