Only A Few Weeks Until The PAYE Overhaul With RTI

Only A Few Weeks Until The PAYE Overhaul With RTI

March 11th 2013 4:01 pm

general

Employers need to get geared up for the launch of PAYE Real Time Information from April, now only weeks away. Employers ha ...

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Employers need to get geared up for the launch of PAYE Real Time Information from April, now only weeks away. Employers have been receiving letters about RTI since October 2012, so should now be up to date with new systems and software. Under the new system, reporting of employee earnings will be made on every pay cycle, rather than the current annual cycle. The biggest change to PAYE in 70 years, RTI is hoped to improve efficiency by reducing mistakes and make administrative savings of £300 million for employers. The update will bring support to another big Governmental change coming next month, Universal Credit, which merges in and out of work benefits, tax credits and housing benefit.

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