begin to reduce the number of cases where someone is found to have under or overpaid tax during the year.
For the vast majority of employers, the first real time return will be the first employee payday on or after 6 April 2013. In order to make sure that employers are ready for RTI they should follow these three simple steps:
1. Go to HMRC’s website – www.hmrc.gov.uk/rti – for comprehensive information about RTI, including how to prepare, payroll software options and tips;
2. Acquire new or updated software. Employers will need to talk to their payroll software provider or payroll service-provider (and their Bacs software or solution supplier if they pay via Bacs);
3. Start checking and updating employee information. It is vital that the information employers have about their employees is up to date.
HMRC is offering a range of help for businesses to prepare for the change, including free software for employers with nine or fewer employees, targeted flyers and emails, regular live Twitter Q&As, YouTube videos and roadshows across the country.
HMRC WEEKLY NEWSLETTER 15 MARCH
15 March 2013
HMRC has issued the latest update in their informal newsletter to stakeholders. This week’s newsletter contains further reminders in respect of real time information. Please do remember this is an informal update shared with representatives for the benefit of members.
RTI – there’s now less than one month to go!
With 6 April 2013 fast approaching, we have published the following press releases: 11/03/13 - Whatever the size of your business – get ready for PAYE changes – HMRC launches an advertising campaign heralding the biggest overhaul of the PAYE system in almost 70 years. 12/03/13 - Interactive RTI advice - Up to 500 employers at a time will be able to join live webinar sessions on Real Time Information (RTI) hosted by HMRC experts throughout March. The interactive sessions last up to an hour and allow employers and agents to ask questions on RTI – the new PAYE reporting system. 13/03/13 - Scottish employers urged to get ready - With less than one month to go until the start of the biggest shakeup of the PAYE system in nearly 70 years, HMRC is urging Scottish employers to get ready 2. Our webinar: A guide to help employers get ready to operate PAYE in real time 3. The YouTube presentation: An HMRC video to help introduce employers to PAYE in real time. 4. Our short guide which sets out the changes that you’ll see. 5. The attached leaflet on Reporting and paying HMRC in real time: getting it right , which our Field Force staff will use on employer visits, and which you are welcome to cascade to your customers and clients. And don’t forget, we have the following for quick reference: 1. Our Business Readiness Checklist
Contracting-out defined contribution forms Withdrawal of contracting-out defined contribution (DC) forms
CIPP Policy News Journal
12/04/2013, Page 220 of 362
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