Inform Accounting - Blog 2023

Is your business ready for RTI

Written by Inform Accounting | Feb 6, 2013 12:00:00 AM

In April 2013 the way your payroll is run in the UK will undergo the biggest change since the introduction of PAYE in 1944.

RTI or Real Time Information

As an employer

 

  • you will have to submit information about PAYE to the tax office on or before the pay date every time a payroll is run. This could be weekly, monthly or at any other interval of time.

 

  • your records have to be more accurate than ever to avoid the new penalty regimes.

 

There’s a lot of time before the April deadline so contact us now do discuss any questions you may have.