RTI – HMRC writes to employers not yet responding
As part of our series of blogs on Real Time Information (RTI), payroll manager Margaret Merrifield looks at employers now having to report PAYE information to HM Revenue & Customs in real time.
Real Time Information (RTI) for payroll became compulsory for most employers from April 2013. HMRC is now starting to write to employers who have no yet started reporting in real time.
The letter sets out the changes and explains to employers that they have missed a PAYE reporting deadline. Whether or not they have actually missed a deadline will depend on whether they have paid anyone so far in the current tax year, and so the letter also reminds employers what they need to do in such cases or if their scheme has ceased operating. It is worth remembering that late filing penalties will not apply until 2014/15. For help on getting started, go to hmrc.gov.uk/actnow
For further information please contact Margaret Merrifield on 01524 62801.