RTI news announcement today. Small Business Under 5o employees paid weekly or frequent. Thought it might help some members

RTI news announcement today. Small Business...

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Reporting PAYE in real time (Real Time Information or RTI): relaxation of reporting arrangements for small businesses

HM Revenue & Customs (HMRC) recognise that some small employers who pay employees weekly, or more frequently, but only process their payroll monthly may need longer to adapt to reporting PAYE information in real time. HMRC have therefore agreed a relaxation of reporting arrangements for small businesses. 

Until 5 October 2013, employers with fewer than 50 employees, who find it difficult to report every payment to employees at the time of payment, may send information to HMRC by the date of their regular payroll run but no later than the end of the tax month (5th). 

HMRC will continue to work with employer representatives during the summer to assess and understand the impact of RTI on the smallest businesses and consider whether they can make improvements to real time reporting which will address their concerns without compromising the benefits of RTI or the success of the Department for Work & Pension's Universal Credit.

Please see HMRC's guidance on exceptions to reporting PAYE information 'on or before' paying an employee.

Exceptions to reporting PAYE information 'on or before' paying an employee

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Sarah Douglas - HouseTree Business Ltd
By sarah douglas
19th Mar 2013 15:15

The Link to HMRC News

http://www.hmrc.gov.uk/news/rti-small-businesses.htm

News Article 

http://www.hmrc.gov.uk/payerti/reporting/when-to-report.htm#3

When to report

 

 

Kind Regards Sarah Douglas. Douglas Accountancy and Bookkeeping Services. 

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