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. […]
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What? RTI is Real Time Information When? In six months time*there is a compulsory requirement to change the way deductions are reported on your employee payslips. * (see timetable http://www.hmrc.gov.uk/rti/non-standard.pdf) Why? The idea behind this is to make the PAYE process simpler for both employers and the HMRC, reducing the need for the end of […]