Options Fairness and equity Efficiency of compliance and Sustainability of Basis for Fiscal administration the tax and improved social policy social and system other government services Status quo Only the largest employers are Multiple thresholds can impose The need for Delayed required to remit PAYE more higher compliance as legislative provision of often than monthly and all but obligations change progressively. amendment to PAYE the largest are eligible for the change the threshold information Multiple thresholds impose higher payroll subsidy. reduces the does not administrative than a single flexibility of the tax provide a All employers provide PAYE threshold would. and social policy basis for information in the following system. improved month. social and other services.
Options Fairness and equity Efficiency of compliance and administration Sustainability of the tax and social policy system Basis for improved social and other government services Fiscal Status quo Only the largest employers are required to remit PAYE more often than monthly and all but the largest are eligible for the payroll subsidy. All employers provide PAYE information in the following month. Multiple thresholds can impose higher compliance as obligations change progressively. Multiple thresholds impose higher administrative than a single threshold would. The need for legislative amendment to change the threshold reduces the flexibility of the tax and social policy system. Delayed provision of PAYE information does not provide a basis for improved social and other services.
2017-ris-areiirm-bill-5.docx