Real Time Information (RTI) is being introduced to improve the operation of Pay As You Earn (PAYE). It is probably the biggest change to hit PAYE since it was first introduced in 1944 and the impacts are going to be significant.
To guide you through this challenging time, Advanced has introduced a Real-Time Information website to help you understand the new requirements, feel assured that you know the next steps and how to implement the changes with minimal impact on the running of your payroll department.From April 2013, all but a handful of UK employers and pension providers will have to electronically submit information to the HMRC about PAYE deductions as they are made, instead of annually. The RTI pilot is already in progress, running from 1 April 2012 until 31 March 2013, with many obstacles and challenges expected along the way.
What does RTI involve? What is required from employers and what are the likely impacts? What are the concerns and benefits of the RTI pilot?Visit our Real-Time Information website to access advice, further reading, events, news updates and much more.
Organisations that embark on RTI (whether they are involved in the pilot or are waiting for the compulsory RTI go-live) need to be prepared for involvement. The following five top tips will help organisations to be as prepared as possible.
Download the White paper: Real Time Information – the good, the bad and the uncertainties