Consultation on security for PAYE and NICs

Close date: 9 February 2011

HM Revenue and Customs (HMRC) consults on proposals to require security from an employer where there is a serious risk that it will fail to pay PAYE and national insurance contributions (NICs). The Government's objective is to prevent loss to HMRC when an employer goes insolvent and has not paid contributions for a significant period. A security will be required from the minority of employers who repeatedly fail to pay PAYE and NICs. A failure to pay the security will entail a criminal sanction.
Consultation document: Security for PAYE and NICs (PDF format, 119K) (on the HMRC website)