With less than two months to go to the roll-out of Real Time Information (RTI) reporting for PAYE, AccountingWEB is still getting bombarded with headlines like ‘RTI survey highlights need for support’ and ‘businesses still unaware of impending RTI changes’.
This is disappointing, but typical of the somewhat cavalier attitude the government takes to efiling initiatives and the tendency of UK businesses to ignore regulatory changes to the last minute.
But on AccountingWEB, we’ve been living with RTI for more than two years, and have been working with HMRC, professional bodies, software vendors and our members to try and prepare for the new regime, which IRIS APS chief executive Phill Robinson describes as “iXBRL on steroids”.
HMRC has also been working to communicate the RTI message – this week it sent letters to businesses advising them of the programme, and has upgraded its RTI pages to cater for their information needs.
Register with AccountingWEB for free to read the rest of the article, which includes:
- Introduction to RTI
- Pilot scheme progress
- Software guidance
- Trouble spots
- General RTI resources
About Robert Lovell
Business and finance journalist