SME/Payroll

RTI Whitepaper

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RTI is coming to your business soon. Are you ready for the challenge?

Real Time Information (RTI) represents the biggest change for payroll since the introduction of Pay As You Earn (PAYE) in 1944. It affects any business operating aPAYE system for its employees and/or directors.

From April 2013 for smaller employers and October 2013 for larger employers, year end returns will be a thing of the past. Instead, employers will supply information electronically to HMRC continually throughout the year, every time they pay their employees. Start-ups will need to be ready even earlier, by November 2012.

This IRIS Software Group whitepaper discusses some of the challenges that RTI will create for employers and takes a ‘state of the nation’ look at how UK businesses are currently preparing to comply with HMRC’s new requirements. It includes the experience of two companies, Gloucestershire-based Farmplan Computer Systems and Hampshire-based Albany Software Limited, which are participating in HMRC’s RTI pilot.

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