This website uses cookies to ensure you get the best experience. Please read our policies for more information.

10 Chartered Accountants

News

Employers sent new RTI reminder
03 October 2013

Tens of thousands of employers who have failed to start using Real Time Information (RTI) payroll reporting are being urged to take action now.

HM Revenue & Customs (HMRC) wrote to around 167,000 employers in September who had missed one or more RTI deadlines for reporting PAYE.

HMRC said that if employers had not reported because they did not pay anyone, their PAYE scheme had closed or was no longer operating, they still needed to inform HMRC.

Ruth Owen, HMRC director general for personal tax, said: “Over 85 per cent of employers are now reporting PAYE in real time but our records show that 167,000 employers have yet to send us a PAYE submission.

“Reporting PAYE in real time makes it easier for employers to pay HMRC the right amount and avoid late payments and penalties.”

Meanwhile, HMRC is now analysing the results of an online survey seeking the views of employers on RTI, which was introduced in April this year and with which all employers must comply from April 2014.

The survey was originally due to close on 13 September but as a result of requests from employers and other interested parties, HMRC extended the deadline to 20 September.

Link: HMRC guidance on RTI

Other recent news

Employee Ownership Trusts – Your key to a tax-efficient exit?
11 December 2024

If you are looking to plan your exit from your…
Read more

Are you claiming the right office-based expenses?
11 December 2024

Claiming allowable expenses when calculating taxable profit as a self-employed…
Read more

I am unable to pay my Income Tax bill – What can I do?
11 December 2024

Sometimes, paying your tax bill on time can be difficult…
Read more

What is the most tax-efficient salary choice for you after the Budget?
11 December 2024

Directors have the ability to draw income from a business…
Read more

Should you buy a double cab pickup before April?
11 December 2024

If you are a sole trader or small business owner…
Read more

»

Case Studies