Robert Lovell explains the implications of operating PAYE in real time and offers up some practical advice for small businesses and their finance departments.
By 6 April 2013 almost all employers and pension providers will be reporting their payroll information to HMRC on or before every payday. By October 2013 it will be mandatory for all employers.
With just a few months left to prepare for the Real Time Information (RTI) initiative, AccountingWEB has pulled together a guide on how best to prepare your finance team.
Register with AccountingWEB for free to read the rest of the article, which includes:
- Data quality
- Communicating with staff and changing procedures