HMRC to demand collateral from NI cheats

They will allow HMRC to force employers to pay a security if the Revenue believes there is a serious risk the employer will not pay their PAYE deductions or NICs. Failure to pay the security will be punishable with a fine of up to £5,00, enforced through the courts. HMRC's new authority is designed to target employers who deduct money from their employees' pay packets for income tax and NICs, but then keep the money for themselves. Often, these employers build up PAYE and NIC debts, ignoring HMRC attempt to recover the money. HMRC said these employers often declare their busines...