Implemented in April 2013, Real Time lnformation (RTl) is the most significant change to the PAYE system in the last 60 years. Whilst the fundamentals of PAYE remain unchanged RTl changes how and when employers report information to HM Revenue and Customs (HMRC).
Company: MHA Macintyre Hudson | Published: 09 May 2013 | Business Area: Enforcement and Regulation
Since April 2013, most employers send payroll information to HMRC via Real Time lnformation (RTl). HMRC expects all employers to be using the RTl system by October 2013 at the very latest. This article focuses on the key issues to consider.
Company: MHA Macintyre Hudson | Published: 09 May 2013 | Business Area: Financial Reporting
Geared towards accountants, the latest issue of Added Value takes a look at keeping up to date with payroll legislation, making the best of a bad situation and what funding options are available. Other topics covered include protecting value on transactions using the balance sheet and RTI solutions.
Company: RSM Tenon | Published: 20 February 2013 | Business Area: Practice Management
The introduction of Real Time Information will affect any organisation with a payroll to manage. The iXBRL soft landing will be removed in April and HMRC investigations may increase. IFRS and a revised FRSSE are also on the horizon. This whitepaper reviews the current compliance landscape.
Company: IRIS Accountancy Solutions | Published: 06 February 2013 | Business Area: Accounting Standards
Following consultation, the recently published Draft Finance Bill 2013 includes clauses setting out penalties for late filing and payment under Real Time Information (RTI). The good news is that the penalties will not apply until April 2014, giving employers time to prepare for the requirements.
Company: Saffery Champness | Published: 03 January 2013 | Business Area: Enforcement and Regulation
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