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23 Nov 2011
THE TAXMAN has called for more businesses to volunteer for the pilot of its real time information initiative.
Currently, 300 businesses have agreed to pilot the scheme, which will involve employers sending PAYE returns at the same time they pay employees. The testing will begin in April 2012, and RTI will be compulsory for all businesses in October 2013.
Further reading
HM Revenue & Customs said it wants 1,300 more businesses to come forward to pilot the scheme. It has also called on an additional 250,000 businesses to join RTI from November 2012, following initial findings from the pilot.
Stephen Banyard, acting director general for personal tax, said: "Expanding the pilot from the original 300 employers will help ensure the smooth implementation of RTI. It is an ambitious but achievable target as we know that RTI is on track. We have considered all the technical and practical issues and are confident that we have the capacity to increase the pilot by over 300 per cent in July next year."
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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