The new PAYE reporting system, Real Time Information (RTI), will be introduced from April, with employers reporting each time they pay their employees, rather than yearly.
Ruth Owen, HMRC’s Director General Personal Tax, said: “Winston Churchill was Prime Minister when PAYE was introduced. Little has changed in the system in about 70 years and it no longer fits the needs of a modern workforce.
“Now is the time for employers to act, including ensuring all employee information is correct and up to date. All the information they need is on our website. RTI will improve the operation of PAYE for employers, HMRC and employees. Feedback from employers in the pilot is that reporting PAYE in real time is easy.”
RTI software is available, including free software for micro businesses with nine or fewer employees.
Support is available for employers, including: Webinars, YouTube video, Face to face events and Online interactive sessions, including Twitter Q&As.
More information can be found at hmrc.gov.uk/rti
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Friday 24 May 2013
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