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Thursday, 21 February 2013

HMRC Sends Letters on RTI

HMRC has sent out letters to thousands of businesses outlining the new changes that Real Time Information (RTI) reporting of PAYE will mean.  If you want to read the guidance before you get sent yours then download it from the link below.

HMRC have not given companies long to prepare for this as they have to assume that everyone is paying all the tax that is due and that they have good systems in place.

If you do owe more PAYE than you are letting on at the stage then RTI will mean that HMRC will know more about any likely arrears earlier.

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