🚨 Big changes to HMRC data collection are coming! 🚨

Employers, shareholders, and the self-employed need to prepare for new regulations by 2026. Key changes include:

Written by: Bruce Kamp

Published Date: Saturday, September 21, 2024

Employee hours: Employers will need to report exact working hours, not just pay details.

Dividends: Shareholders will be required to report detailed information on dividend payouts.

Self-employment: The self-employed must declare when they start or stop self-employment more accurately.

These changes aim to improve tax compliance. Ensure your payroll systems are ready! Learn more: Read here

#HMRC #TaxCompliance #BusinessUpdates #Payroll