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Granny

  • Posts: 823
Those who employ - Real Time Information!
« on: November 13, 2012, 05:08:10 pm »
Hi
How do you think this is going to affect you?

'HMRC is introducing a new way of reporting PAYE - called Real Time Information, or RTI.

From April 2013, employers will be legally required to report PAYE in real time. This means that information about all PAYE payments needs to be submitted to HMRC online each time a payment is made as part of the payroll process, rather than at the end of the year as they are now.'

As far as I can see this will just drive lots more of the economy "underground" hence the Gov. will lose more revenue rather than gain.
I think what it means is instead of a P60 once a year it's 52 times the work.
G.

Ian101

  • Posts: 7887
Re: Those who employ - Real Time Information!
« Reply #1 on: November 13, 2012, 05:16:46 pm »
sage 1 payroll ... fiver a month and register for government gateway free of charge ... Sorted !  ;)

formb

Re: Those who employ - Real Time Information!
« Reply #2 on: November 14, 2012, 08:51:53 am »
sage 1 payroll ... fiver a month and register for government gateway free of charge ... Sorted !  ;)

+1

Chris Cottrell

  • Posts: 3162
Re: Those who employ - Real Time Information!
« Reply #3 on: November 14, 2012, 05:08:31 pm »
sage 1 payroll ... fiver a month and register for government gateway free of charge ... Sorted !  ;)

Ditto

do it right first time & everytime