New tax rules – Travel and Subsistence Schemes. Are you ready?
CIPS, in partnership with Adecco Group, conducted a survey to understand its member’s readiness for the forthcoming changes to rules affecting taxation of travel and subsistence for temporary workers.
Results from the survey reveal 66% of procurement professionals were unaware about the tax rule changes and their implications for organisations.
The survey revealed that 72% of respondents ‘didn’t know’ or were ‘unsure’ the changes may involve making their organisations liable on any PAYE debt resulting from the failure to properly apply the new rules.
And, in terms of readiness - Only 1 in 3 believed they had the in-house capability to ensure compliance with the new rules. Just 9% had consulted with their employment agency suppliers. And, only 1 in 5 was confident about their employment agencies readiness.
Download the full findings of the survey:
Download the Executive Summary of employment tax changes affecting the recruitment sector from April 2016:
For more information and guidance please visit - www.adeccogroupuk.co.uk.