HMRC is introducing Real Time Information (RTI) for PAYE from April 2013. The majority of employers are required to start submitting PAYE returns in real time in April 2013 and all employers will be routinely reporting PAYE information in real time by October 2013.
From April, PAYE returns are electronically required each time a payment is made, as part of routine payroll processes. Employers operating their own payroll will need to consider and take the appropriate action to either update their payroll software, obtain new payroll software or, where an agent or payroll bureaux is used, discuss the changes with their payroll provider. During October HMRC will be writing to all employers telling them about RTI, advising what they should be doing to get their business ready for the changes to PAYE in April 2013, and signposting HMRC guidance.
A new national information campaign and website has been launched to raise awareness among UK employers of the introduction of PAYE RTI. The website is a not for profit collaboration of business and accounting professional associations, that is independent of government and HMRC.
The site aims to become the leading independent source of news and information on this, which will be one of the key issues for UK business in 2013.
Please email queries or requests for additional information, to [email protected].
