Changes to intermediary reporting requirements published by HMRC have been welcomed by umbrella employment specialist, giant group.
Managing director of giant group, Matthew Brown commented on the announcement: “HMRC has shown how reasonable it can be with these changes. While the first draft left a lot to be desired, it’s encouraging to see them respond constructively to informed industry feedback.”
“Many of the requirements from the first draft which were widely considered to be too onerous have now been removed. However, agencies dealing with contractors who are either self-employed or, it appears, operating through a PSC will still need to report well over a dozen pieces of information. What appears at first reading to be the really good news is that where a contractor is covered by PAYE when operating through an umbrella company, an intermediary agency will only have to supply a worker’s identity details and not their payment details. This would remove a significant burden from agencies and allow them to focus on their key priority of providing great service to both clients and candidates”