FIRMS looking to employ students and temporary workers this summer could find themselves in hot water if they do not fill in paperwork properly, a tax specialist is warning.
Phil Royles, who runs TaxAssist Accountants which has an office in Leigh, said companies who are tempted to pay short-term employees with cash should think again due to the introduction of Real Time Information (RTI).
RTI demands employers have to report the gross pay, tax, National Insurance contributions and other deductions when wages are paid, rather than annually. Small companies employing up to 50 staff will get concessions with regard to reporting figures until October 5.
Around 47,000 students will look for temporary work in the North West this summer.