A Practical Guide to RTI (Real Time Information)

Real Time Information came into effect in April 2013 and is mandatory for employers who run a PAYE scheme for its employees and/or directors. When introduced it was the biggest change to payroll since 1944 when PAYE (Pay As You Earn) was introduced. RTI is a reporting system to inform HMRC of pay, tax, National Insurance and other details. RTI doesn’t affect how PAYE is calculated or when … [Read more...]