Institute says no to real time income tax and corporation tax payments
In its response to the “Call for evidence: timely payment”, the Institute is not supportive of mandated real time payments of income tax and corporation tax. The Institute, under the auspices of the NI Tax Committee, made a number of recommendations in its response to the call for evidence including that HMRC should set aside the current conversation on mandation of real time tax payments and should instead explore less challenging payment solution changes.