If you run a business and employ people there are actions you need to take now to get ready to send payroll information in real time.Her Majesty’s Revenue and Customs (HMRC)
Real Time Information (RTI) is a Government programme aimed at improving the operation of Pay As You Earn (PAYE) and supports the Government intention of introducing Universal Credits in October 2013. Employers must be compliant and operating with PAYE real time for the 2013/2014 tax year.
Much of the payroll process will remain unchanged with RTI. What does change is how and when employers and pension providers report information to HMRC.
Instead of submitting data at tax year end, by operating PAYE in Real Time, payroll is required to provide information to HMRC when employees are normally paid.
RTI data that is required to be sent to HMRC will be automatically carried out for employers using the Ceridian RTI Electronic Exchange service.
The Ceridian RTI Electronic Exchange service has been designed to take away much of the administrative reporting burden to HMRC. It fully supports the submission of RTI data to HMRC in relation to your payroll operation, and along with the HMRC online services, offers an overarching solution to employer RTI needs.
The service is built on the same Ceridian technology as the current in year and end of year Electronic Exchange Service which has been partnered with HMRC since 1999.
In addition to the Ceridian RTI Electronic Exchange, the following services are available to support organisations in the move to real time payroll:
Find out more detailed information on RTI and the Ceridian RTI Electronic Exchange Service with our RTI – Further Resources information.
Or call us on 0800 0482 737
Many of our customers find that they can multiply the savings they make by combining our solutions together - explore some of these suggestions: