From 6 April 2013 employers must star sending Paye information to HMRC in Real Time. RTI
As a payroll bureau, SEM use an RTI-ready software to send real time PAYE information to HMRC.
If you need any help with the new regulations please contact us and we will be happy to help.
RTI will means sending details to HMRC at the time emplyees are paid and at the time they have been paid. All information about employees need to be accurate and up-to-date ie full name, date of birth, gender, full address and a valid National Insurance number. You will need to change the way you report PAYE, such as the hours worked and how to tell HMRC about starters ans leavers. End of the year returns
(P14 and P35) for the year 2012-13 will still need to be sent by the 19 May 2013. P35 and P14 will not then be needed from 2013-14 but P60's will still be required. P45's will need to be issued to employees but will no longer be submitted to HMRC. Penalties will be imposed for late submission.