Employers - are you ready for RTI?
The biggest single change to the PAYE system since 1944 is being introduced on 6 April 2013 by H M Revenue & Customs.
"RTI will change the way you deal with your payroll," says robinson+co’s Tax Partner, Victoria Bishop. "It will provide much more timely information to H M Revenue & Customs about your employees’ pay; and also means that HMRC will know exactly how much PAYE and NIC to expect from you each month."
Victoria continues to explain that, whilst RTI may well be straightforward once it is up and running, the preparation required beforehand may be onerous. “If your systems and records are not up to date and robust, you will find the transition to RTI difficult,” Victoria says. “But contact me or one of the Payroll Team at robinson+co, and we will guide you through the intricacies so that the impact on your business will be minimal.”
robinson+co are holding a free seminar to explain the changes on 6 March 2013 from 11.30am to 12.30pm at Hunday Manor Country House Hotel, Workington and Victoria will be providing clear and concise instructions on what you need to be doing to prepare - please contact Philip Allison on firstname.lastname@example.org or call him on 01900 603623 immediately to book your place.
Otherwise do not hesitate to contact the team at robinson+co on 01900 603623 or 01946 692423 or 019467 25808.
Please note that the seminar will also include a short presentation from Jenny Armstrong, robinson+co’s Chartered Financial Planner, on the forthcoming changes to employees’ pension provision which will also affect employers.