Real Time Information

unnamed

RTI

The introduction of PAYE Real Time Information (RTI) represents a fundamental reform of Pay As You Earn, requiring all UK employers to notify HMRC of their liability to PAYE at the time or before they make payment to their employees.

Payroll software will collect the necessary information and send it to HMRC via the Government Gateway. where previously employers paid PAYE due to HMRC on account but only declared and reported their PAYE at the year end.

From April 2013 all employers were mandated by law into PAYE RTI requiring them to submit their RTI return every time employees are paid as part of payroll arrangements.

The dates on which payment of tax and National Insurance deductions are made to HMRC remain the same, either the 19th or 22nd of the month or quarter following the reporting period.

IAIS operate all their Payroll Services using HM Treasury authorized software under RTI.

 

IAIS is a network of professional firms and individuals providing Tax and Advisory services. We deliver all mainstream Accountancy and Taxation Services as well as Value Added services to clients throughout the United Kingdom and Internationally.