RTI At a glance
Other help and guidance HMRC produce regular RTI pilot updates which agents participating in the pilot will find useful
Anyone can also sign up for the regular RTI email alerts which will keep you updated in the run up to April 2013
The RTI guidance homepage provides links to comprehensive information about RTI and the changes to PAYE
The Business Readiness Checklist will help employers identify what they need to do to get ready for RTI
Webinars
A guide to help introduce employers to PAYE in real time A guide to help employers get ready to operate PAYE in real time
YouTube An HMRC video to help introduce employers to PAYE in real time is available on YouTube
SECURING COMPLIANCE WITH REAL TIME INFORMATION FOR PAYE
14 December 2012
As many of you will know, a few months ago the CIPP policy team surveyed members in order to respond to HMRC’s consultation regarding securing compliance with RTI.
Legislation has been developed following that consultation and was published as part of the draft Finance Bill 2013 ( A217 to A220 ) on 11 December for further consultation, together with a Summary of Responses document following the initial consultation. The legislation covers the new late filing penalties for RTI returns, changes to the current late payment penalties to ensure they can be charged in-year, and to the inaccurate return penalties so they can be charged in a way that minimises the burden on employers and HMRC. The draft legislation contains draft clauses and explanatory notes to be included in Finance Bill 2013. The draft Finance Bill is due to be published after Spring Budget 2013. HMRC welcome comments on the draft legislation by 6 February 2013 . RTI requires employers operating PAYE to report information about employees' pay and deductions at the time or before the payment is made. RTI is being designed to integrate with payroll processes, so making it as easy as possible for employers to meet their new obligation to tell HMRC about payments they make to their employees on or before the date the payments are made. Reporting PAYE in real time does not change the legal obligation for employers and pension providers to pay HMRC in full and at the right time the sums deducted under the PAYE regulations on a monthly (or quarterly) basis. As with penalties for all tax regimes, these penalties are designed to encourage employers to comply with their legal obligations. The RTI penalties build on existing models to ensure penalties are comparable across taxes and taxpayers, whilst taking account of the specific requirements of RTI. These models are designed to deliver fair, proportionate and effective penalties
CIPP Policy News Journal
12/04/2013, Page 204 of 362
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