Changes to the current payroll system are being made which means from the 6th of April companies that are registered as PAYE will have to provide real time information to HMRC.
What? Employers are now required to report deductions prior to or at the time of paying staff, rather than reporting deductions once a year.
When? Employers with less than 5,000 employees will be required to use RTI from 6th April 2013; there will be a migration date between June and September 2013 for larger employers.
Who? Everyone with standard PAYE schemes.
If you are worried about the upcoming changes, contact us today and we will happily help you take the necessary steps to make sure your company is ready.
No comments yet.