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From 6 April 2013 employers will have to start reporting PAYE information to HMRC in real time. You may see this referred to as Real Time Information or RTI.

From the deadline  employers 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
Unless HM Revenue & Customs (HMRC) has notified the employer otherwise,  changing to PAYE in real time is mandatory.
For many firms this will not be an issue but SME’s need to ensure their software is compatible and works, so time is running out.

 

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