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what is full meaning of HMRC and RTI? What do they do?
pls what do HMRC and RTI mean and what are their functions?
thank you
HMRC's webinars
Below is a link to an article placed on the accountingweb site at the beginning of January. It is a review of a webinar that can still be downloaded from HMRC's website.
https://www.accountingweb.co.uk/article/company-directors-your-responsibilities-hmrc/535684 4
In the webinar it was stated that Directors have to submit Tax returns. That is not correct and on behalf of accountingweb I contacted the HMRC techie people who put on the webinar and directed them to our site and the comments made. They reluctantly agreed that no - you dont have to complete a return just because you are a director.
See the follow up answer as below:
https://www.accountingweb.co.uk/anyanswers/question/directors-tax-returns
I also attended another webinar recently on RTI. It was a bit basic and in fact rather painful but I suppose it is good to see that they are at least trying to be more 'social media friendly' but be careful - dont take everything that is said as correct.