SME/Payroll

Outsourcing Payroll Guide

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Real Time Information is the biggest change to payroll since PAYE (Pay As You Earn) was introduced in 1944. It affects any business running a PAYE scheme for its employees and/or directors.

From 6 April 2013 1.4 million small businesses across the UK will be required to start complying with RTI. Larger employers with over 5,000 staff on their payroll will need to be ready to make the transition by October 2013.

Employers will be required to submit records electronically to HM Revenue & Customs (HMRC) each time a payroll is run (be that weekly, monthly or quarterly), instead of annually at year-end.

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