Contact Us
HM Revenue and Customs (HMRC) has again urged small businesses to get ready for the introduction of Real Time Information (RTI) reporting of PAYE details.

Firms will be asked to send their PAYE returns electronically from April this year through RTI-enabled payroll software every time they pay their workers.

This will replace an end-of-year return - a move HMRC hopes will lead to greater levels of accuracy and make it easier for employers to report information.

However, the department is urging any firm still unprepared for changes to get ready now.

Ruth Owen, HMRC's Director General Personal Tax, said that there is more to the changes than "simply buying or updating software".

"Employers may need to add employees such as casuals or those below the Lower Earnings Limit to their payroll system and must think about their payroll practices to make sure that they work for real-time reporting," she added.

The PAYE records of six million people are expected to be updated through RTI by the start of April.

Posted by Thomas Fletcher

Date published 2 Jan 2013 | Last updated 2 Jan 2013

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses and work with 100,000 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 409 locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free consultation

01825-572-101

Or contact us