HM Revenue and Customs (HMRC) has launched draft regulations relating to real-time information (RTI) reporting. The regulations are a result of ongoing engagement with employers about the design of RTI reporting, which took effect from April 2013. This has led to a number of changes being made to the rules covering pay-as-you-earn (PAYE) and national insurance […]
62 Results found for “real-time reporting”
More than 70,000 pay-as-you-earn (PAYE) returns have been submitted to HM Revenue and Customs (HMRC) using real-time information (RTI) reporting since the system launched on 6 April 2013.
Planning for real-time information (RTI) reporting of payroll data to HM Revenue and Customs (HMRC) has begun in 86% of organisations, according to a survey by KPMG. Its survey of 42 large businesses in the UK found an increase in the number of organisations preparing for RTI since March this year when a similar KPMG […]
Two-thirds of respondents have not started to plan for the implementation of real-time information (RTI) payroll reporting, according to research by KPMG. The research found that almost a fifth (18%) of respondents were not aware of the upcoming RTI deadlines and the likely impact of the change. Under RTI, employers will need to submit payroll […]
Reconciling the difference between the tax that HM Revenue and Customs (HMRC) says is due and the tax an employer believes is due is one of the most common difficulties experienced by employers since moving to real-time information (RTI) reporting in April 2013.
HM Revenue and Customs (HMRC) has published a report into the findings from analysis of disputed pay-as-you-earn (PAYE) charges associated with real-time information reporting. It had received feedback that some PAYE schemes have experienced difficulties in reconciling the difference between the tax HMRC says is due and the tax the employer thinks is due. HMRC […]
HM Revenue and Customs (HMRC) is seeking to extend the temporary relaxation of the real-time information (RTI) reporting deadline for micro employers (those with fewer than 50 employees), from October 2013 until April 2014. The proposed extension means that organisations will not be required to change their pay-as-you-earn (PAYE) approach halfway through the tax year. […]
More than one million pay-as-you-earn (PAYE) schemes have started to use real-time information (RTI) reporting, according to the HM Revenue and Customs (HMRC). The legislation, which came in to effect from 6 April 2013, means that employers report PAYE in real time from their first pay day on, or after, that date each time they […]
HM Revenue and Customs (HMRC) has relaxed real-time information (RTI) reporting arrangements for small employers. Employers with fewer than 50 employees will have until 5 October 2013, rather than 6 April 2013, to comply with the legislation. Until the revised date, these employers will be able to send information to HMRC by the date of […]
The Chartered Institute of Payroll Professionals (CIPP) has sent its first real-time information (RTI) submission. Exchequer secretary David Gauke was on hand at the CIPP’s offices in Solihull to observe the payroll department send 145 employer details as part of its first RTI submission. RTI, a new way for employers to report their employees’ pay […]
HM Revenue and Customs (HMRC) has published a consultation document, which aims to make pay-as-you-earn (PAYE) reporting in real time as easy as possible for employers. The consultation document, Securing compliance with real-time information: late filing and late payment penalties, seeks views on how best to support employers to understand and comply with the requirement, […]
If you read nothing else, read this… • Employers will be required to send HMRC information about employees’ pay and deductions before, or when, they run their payroll process, rather than at the end of the tax year. • Year-end submission of P14s for all staff, a P35 summary and employer declaration, and the P38(A) […]