Are You Ready For RTI?

The biggest single change to the PAYE system since 1944 is being introduced on 6 April 2013 by H M Revenue & Customs.

"RTI will change the way you deal with your payroll," says robinson+co’s Tax Partner, Victoria Bishop. "It will provide much more timely information to H M Revenue & Customs about your employees’ pay; and also means that HMRC will know exactly how much PAYE and NIC to expect from you each month."

Victoria continues to explain that, whilst RTI may well be straightforward once it is up and running, the preparation required beforehand may be onerous. “If your systems and records are not up to date and robust, you will find the transition to RTI difficult,” Victoria says. “But contact me or one of the Payroll Team at robinson+co, and we will guide you through the intricacies so that the impact on your business will be minimal.”