From 6 April 2013 employers will have to start to report PAYE information to HMRC in real time. This is referred to as Real Time Information – or RTI.
This means there are changes required to payroll and employers (or their accountant, bookkeeper or payroll bureau) will have to:
• send details to HMRC every time they pay an employee, at the time they pay them
• use payroll software to send this information electronically as part of their routine payroll process
Hallidays in Stockport explain more about RTI in a short video.