Our experts are fully up to date with the Governments legislation on Real Time Information for PAYE.
It is a system for reporting PAYE and NIC that was phased in by HMRC from April 2013 and is mandatory for all employers.
This means that employers or payroll bureaus have to:
HMRC know exactly what PAYE and NIC payments are due each month and will therefore expect the payments to match.
These submissions have replaced the P35 and P14s at the end of the tax year, and also means no more in-year forms to submit online such as the P46 and P45, as all starter and leaver information is detailed on each payment submission. Click here for more details.