To anyone with a basic understanding of technology, a simple acronym has governed the entire real time information saga: GIGO.
A shortened version of “garbage in, garbage out”, GIGO’s unique hold on HMRC and the payroll profession is celebrated in the annual reconciliation of PAYE data.
Until now the department’s attempts to improve matters during the past few years only made them worse.
Bad information management practices got us here, but with just over a fortnight to go before RTI kicks in for the mass of UK businesses, can technology help get us out of this mess?
The payroll software response
As well as providing RTI-compliant programs to let companies make their payment submissions, many of the developers have...
About John Stokdyk
John Stokdyk is the global editor of AccountingWEB UK and AccountingWEB.com.