HMRC confirms monthly RTI respite
HMRC will ease Real Time Information (RTI) reporting deadlines for small businesses with fewer than 50 employees that pay their staff weekly or more regularly.
Until 5 October, small employers 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).
Earlier this morning, the tax department announced: “HM Revenue & Customs 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.
"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."