Payroll agent? the Office of Tax Simplification wants to hear from you…
Last week the Office of Tax Simplification (OTS) published a call for evidence into the administrative burdens that a small business faces. This is the second time that the OTS has looked into the small business lifecycle. The first review focused on tax and reliefs at key stages for a business, for example on start-up, incorporation and when raising additional finance. This review though it is much more about the practical day-to-day operation of tax, and naturally payroll obligations are a key part of this as soon as the business takes on an employee or another director.
What’s different about this particular review is that it is been requested by the Chancellor Philip Hammond, rather than simply undertaken by the OTS and presented to the Treasury. This means it’s much more likely that proposals will be given serious consideration by HMRC and the Treasury.
The OTS have provided a survey that should take no more than 10 minutes to complete. They are keen for it to be completed by payroll agents as well as their small-business clients themselves. They’re also inviting agents and small businesses to meet with them before 7th December, which is their deadline for collecting feedback. If you’re interested in meeting with the OTS contact them at email@example.com.
I am on the consultative committee for this particular review and I really think it’s an opportunity to get our concerns about all payroll matters including RTI into the public domain, and hopefully listened to within Whitehall. I would really encourage you to complete the survey before the deadline.