Payroll – In Real Time

From 6th April 2013 there will be significant changes in the way that payroll information is submitted to HMRC under Real Time Information (RTI).

Please click here to read our briefing which provides an overview of these changes.

The new procedures will not only impact on how the information has to be submitted but also the timing and this will result in employers needing to change their payroll procedures.  Whether you operate your own payroll or your accountant deals with the payroll for you it is important to be aware of the imminent changes.

If you calculate your own payroll, you need to ensure that your software is RTI compatible and that you are aware of your obligations as from 6 April 2013. If you operate sage payroll, then V16 onwards is RTI compatible and we can provide training in February & March 2013 if required.

Please contact us if you wish to discuss this with a member of our team.

P.S. Since our briefing was compiled, HMRC have changed the Payment Submission deadlines for casual workers etc paid in cash on the day.  The up to date legislation can be found at  http://www.hmrc.gov.uk/news/rti-paye-returns.htm 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s