Organisations in the construction industry applying the off-payroll working rules incorrectly could be charged penalties by HMRC of up to 100% of the unpaid tax for inaccuracies from 6 April 2022.
Organisations must act now to assess working processes and check they are applying the rules correctly to minimise exposure to penalties and reputational risk.
In a briefing dated 15 February 2021, HMRC set out how it will intervene if it suspects non-compliance with the off-payroll working rules. It includes a commitment not to charge penalties for inaccuracies in the first 12 months of the off-payroll working rules coming into effect, unless there is evidence of deliberate non-compliance.
Help from the experts
Moore Kingston Smith’s off-payroll working experts help businesses understand their potential risks. We work alongside you to design a strategy that helps mitigate risks. If you would like to discuss your current situation and hear more about how we can help, please contact us.