TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Changes to How Employers Pay HMRC from April 2013

In addition to the commencement of Real Time Information, employers should also be aware that there are changes to paying PAYE and Class 1 National Insurance contributions from 2013–14.

From the 2013–14 tax year all employers will make their payments into a single HMRC bank account. This change only affects employers who currently make payments into HMRC's Shipley bank account by Bacs Direct Credit, Faster Payments by online/telephone banking and CHAPS. Employers using the Government Banking Service are not affected by this change.

From last month all employers should pay to HMRC's Cumbernauld bank account.

PAYE payments for the tax year 2012–13 and earlier are not affected by this change. Details of the change are available on the HMRC website.