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PAYE Real Time Information
RTI deadlines are approaching, with employers and pension providers being required to provide information under RTI commencing in the period April to October 2013 and with all using RTI by October 2013.
HMRC have set up question and answer pages and guidance on its website. To access the guidance, click here and here.
HMRC have recognised that employers and pension providers will need to have access to RTI compliant software before the start of the new payroll year and this is included in the guidance. The guidance covers a number of areas. For example, HMRC guidance on when to report your payroll information states:
“Almost all employers must report payroll information online to HM Revenue & Customs (HMRC) when or before any employee is paid. This information includes details of employees themselves and their pay and deductions.
In addition, you may have to report certain summary information about statutory payments recovered and other deductions each pay period, and if you don't pay anyone in a pay period. You must also report end of year information at the end of the tax year, and certain information if your PAYE scheme closes.
You can send your reports to HMRC in advance, so if for example payroll staff are going on holiday for two weeks, they can make three separate weekly submissions immediately, one after the other, before they leave.
You'll have to report when you provide an employee with a car, or replace or withdraw one. You may also have to report expenses and benefits.”
We need to hear from you. Does the guidance answer the questions you have or does it raise further unanswered questions? What is causing you concern? What would you like to know? Please email us with any views and concerns that you may have.
