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HMRC Real Time Information (RTI)

What is Real Time Information?

In April 2013, a new way of reporting PAYE to HMRC, Real Time Information (RTI), will be introduced.

 

Using RTI, HMRC will be notified about employers PAYE payments at the time they are made, as part of their payroll process. Payroll software will collect the necessary information in real time and send it, online, to HMRC.

 

As a result HMRC are advised about PAYE real time payments throughout the year, rather than at the end of the year when you currently submit your returns.
 

Real Time Information only affects the submission of PAYE information – payment arrangements will remain unchanged.

Who will RTI affect?

In short... you! The majority of UK employers will have to submit RTI to HMRC.

 

If you use payroll software, it will need updating so that it can process and submit RTI data!

 

If you do not currently use payroll software, you will need to plan ahead now so that your business will be able to submit RTI data  to HMRC electronically when required to do so.

 

Find out more on The Impact for UK Employers... and why not take a free 45-day trial of our payroll software and see how Qtac can help your business!

Download Free Trial 

Free Real Time Information Guide

Free PAYE Real Time Information Guide

Download our Free Informative Update Guide to RTI and Payroll for the 2012-13 tax year.


The guide includes up-to-date information on what's happening with Real Time Information and the Pensions Regulator's Workplace Pension Reforms.

When will employers have to submit RTI?

Most employers will be legally required to use RTI from April 2013 with all employers submitting RTI by October 2013. HMRC will tell you when your business needs to make this move, abide by new regulations and avoid penalties. For more information on this view our RTI timetable of events.

How will Qtac be helping UK employers?

During the pilot starting in April 2012 we will be working with our customers who are engaged in the pilot to engineer a solution that will minimise the effect of RTI on your business and, as far as possible, reduce any risk of underpayments being made inadvertently.


More Information on RTI, HMRC and Payroll

Keep up to date with the latest on Real Time Information by following our payroll blog!


HMRC Internet PAYE Recognition

ICPA RTI Article

Qtac's article on RTI published in ICPA Magazine

ICPA The RTI Lowdown

Qtac's detailed guide to RTI