I don't mind this at all; obv a tribute to PS, so no bad thing. I like the splashes of elec guitar & tiny flecks of piano, and the strong bass.
I'm sure I read ages ago that Moz had always (mistakenly) thought the song began with 'Let it be known' (as sung in his version), whereas in fact it's 'Late afternoon', but it's forgivable, as PS sings the words with some slight distortion.
It's not at all shabby by any stretch.
Edit: Ah, here it is from PJLM:
"Morrissey, in a Q&A session on True To You in June 2007: "I also had it in my mind that the opening line was 'let it be known,' which it isn't, it's 'late afternoon'.""