HMRC has now launched RTI, effective from 6 April 2013.

Under RTI, employers report to HMRC each time they make a payment to employees, rather than via an annual return, and the reporting starts from an organisation’s first payday on or after 6 April.

The latest concession from the Revenue allows businesses with fewer than 50 employees to file just once a month under RTI for the first six months, but after 5 October 2013 this ‘relaxation period’ will end and they will have to report to HMRC each time they make a payment to an employee, with few exceptions.

The message to businesses is clear, ensure that you are doing everything right and take advice before HMRC starts to impose penalties.

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