HMRC reviews the success of their Intermediaries Reporting Requirements regime
In order to understand how the sector has responded to the Intermediaries Reporting Requirements, HMRC commissioned Ipsos MORI’s Social Research Institute to undertake a qualitative research study. They conducted 60 in depth interviews with intermediaries that should have been reporting, lack of awareness was the main reason for those that were not submitting reports. Those that were reporting noted areas of confusion, particularly around how to report on workers paid through umbrella companies.
The most common suggested improvement was to receive a confirmation from HMRC that reports had been received/submitted correctly, particularly as such email acknowledgements are standard practice for other submissions to HMRC.
There were intermediaries who were uncertain about why they were being asked to report and these individuals sometimes felt that meeting the requirements was not a worthwhile use of their time. This was not, however, currently affecting their decision to comply.
Published on: 13 September 2016 - By: FCSA