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PAYE RTI and small businesses

bas_blogmain_brokenclocksIf you’re based in the UK, you’re already part of the new PAYE RTI scheme… but some commentators are suggesting this HMRC measure could put some small businesses out of business entirely.

The ICAEW Business Advice Service blog posted an article today quoting The Chartered Institute of Taxation (CIoT) going as far as to rename RTI as the ‘Route to Insolvency’ for some small firms’.

The article goes on to suggest that some are ‘so enmeshed in the minutiae of their business’, as the blog puts it, they are still oblivious to RTI at all.

You can read the full article here – if you are UK based and would like more information on RTI, please contact us for a consultancy.

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