Accountants hit out at Tory tax plans

A LEADING payroll expert is warning that Tory plans to scrap the current PAYE (pay as you earn) scheme are ‘seriously flawed’ and will do nothing to help employers and their staff. According to Angela Brake, Head of Payroll at Bath-based Target Chartered Accountants, the proposals to create a new automated bank-based system to deduct income tax and NIC directly from employees’ pay will increase the potential for error and could bring an already over stretched HMRC to the brink of collapse. She said: “If the Tory plans went through, it would represent the biggest shake up of the tax system