PAS Notes

Graham Whitehouse

PAYE Pooling

By Graham Whitehouse | 1 November 11 | In: Tax News

HM Revenue & Customs

HMRC have recently issued a consultation document on PAYE Pooling.

We think that some of the proposals being discussed will be of tremendous value to clients of ours that are involved in a change of ownership. If these proposals are passed employers will no longer have to submit two P11Ds upon a change of ownership. Instead the new owner would elect to pool the existing & new PAYE references and submit a single P11D/P9D per employee and a single P11D (b) return of Class 1A National Insurance Contributions due.