Real Time Information for Pay As You Earn
Opportunity to join the HMRC pilot – HMRC is putting a new system called Real Time Information (RTI) in place for the future operation of PAYE. RTI will change the reporting requirements for employers so that information about tax and other deductions is collected and transmitted seamlessly to HMRC every time an employee is paid. This means HMRC can respond more efficiently to errors and ensure employee tax deductions are accurate. All employers will be required to use RTI from 6 October 2013.
However HMRC are running a pilot scheme from April 2012 and they are currently looking for employers to help them shape how they will deliver and provide ongoing support for RTI.
Signing up for this pilot means that an employer will have an early opportunity to either develop and test their own or third party software of the operation of the new system.










