HMRC pilots PAYE real-time information

by Calum Fuller

More from this author

11 Apr 2012

  • Comments
paye-hmrc

A PILOT for real-time PAYE information (RTI) has begun, with the first ten volunteer employers - including HMRC - submitting their RTI return.

It is hoped RTI will make it easier for employers, pension providers and HMRC to administer PAYE. real time tax information will allow employers and pension providers to inform HMRC of PAYE payments as they are made, instead of at the end of every year.

If successful, most employers will join the regime in April 2013 and all employers will be using it by October 2013.

David Gauke, exchequer secretary, said: "RTI will ensure that the PAYE system meets the needs of the 21st century. It will improve the service to taxpayers by making it easier to ensure that people pay the right tax after a change of job.

"HMRC is committed to a smooth and on-time transition. The start of the pilot today demonstrates that RTI is on track.

"RTI will remove administrative burdens of £300m a year from employers, mainly from the abolition of the end-of-year PAYE returns process - the biggest single contribution that any tax change could make."

Visitor comments

blog comments powered by Disqus
display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit
  • Send

Appointments to University Committees

University of Glasgow 120x60University of Glasgow - Glasgow - unremunerated positions

 

 

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.