Posted by Stuart Christy on 21 Jun 2012

We have recently joined the Real Time Information (RTI) Pilot which is the new system that is being introduced by HM Revenue and Customs (HMRC) to improve the Pay as You Earn (PAYE) process.

The official launch date is April 2013 when most employers will join RTI but all employers will be using the service by October 2013.

We are aware that many businesses are not aware of the new operation or have prepared for this change.  All employers will be required to submit RTI to support net payments made to each employee at the time each payment is set.

Although this will save time at the end of each tax year it will create more administration work each month.  The penalty regime for late filling will also get tougher.

As we trial the new system we will post any news or issues on our website.

If you need help with your payroll we can help, please contact us on 01962 856 990 or customerservice@taxinnovations.com to discuss your individual requirements.