The new system of Real Time Information (RTI) is mandatory for all employers and is to be implemented from April 2013. Significant changes are due to come into effect with regard to the way payroll information will need to be submitted to HMRC.
Whilst the majority of payroll systems are gearing up to ensure that they are able to deal with the new compliance requirements of the RTI system, there are some important changes that will need to be made to the way you process your payroll and it will certainly affect the way you pay your employees.
Under RTI, employers or their agents will be required to make regular payroll submissions for each pay period during the year, detailing payments and deduction made from employees each time they are paid.
Debbie Thompson, Payroll Services Manager for Streets: Overview of RTI; How to comply, changes to business processes and what to do if you don’t comply.
Vanessa Watson, Business Development Manager with Sage: Insight into how HMRC are changing the payroll process and latest additions made to the RTI edition of Sage 50 Payroll.