Real Time Information
HMRC have issued some further guidance on Real Time Information (RTI) which may be useful to employers with regard to the introduction of RTI. RTI is a system of monthly/weekly PAYE returns which will replace the annual end of year forms.
The new web page entitled 'Improving the operation of PAYE: Real Time Information (RTI)' can be reached using the link below and the link includes access to some new Frequently Asked Questions which, HMRC advise may be added to from time to time.
HMRC have confirmed that employers who are not part of the pilot will have to join RTI in the period from April 2013 to October 2013. All employers will be using the RTI service by October 2013.
HMRC will pilot the RTI service with volunteer software developers and employers for a year, starting in April 2012 as part of a trial to ensure that the software is fully tested.
Internet link: Real Time Information