RTI - are you going to be ready?
robinson+co is gearing up for a major exercise in client education as H M Revenue & Customs get ready to introduce the biggest change to PAYE since 1944 – when it was first introduced!
“Real Time Information” - or RTI – is integral to the government’s plans for a Universal Credit and will be up and running by October 2013 at the latest.
Its advantages as far as H M Revenue & Customs is concerned are obvious as it means that it will know how much PAYE tax to expect from employers each month. It will also know any benefits received by employees straight away – and be able to tax them accordingly.
However, as far as the employer is concerned things could get very complicated indeed. That is where robinson+co can help take the stress away from you and leave you to run your business whilst we look after your PAYE affairs.
We also intend to run seminars explaining the new rules in detail so watch this space!