Thank you for all the hard work you do - I think DBC is one of the best run networking organisations in the North East.
Janice Ross, Janice Ross Marketing Ltd
You may have heard about Real Time Information, or RTI, which is a new system that's being introduced by HMRC. Its aim is to improve the operation of Pay as You Earn (PAYE). PAYE information will be collected more regularly and more efficiently when employers submit their regular payroll submissions.
RTI is one of the biggest changes to PAYE since it was introduced in 1944, and will ensure PAYE keeps pace with modern working patterns. Under the HMRC RTI system, employers will be required to send data about PAYE, NIC and student loans every time they pay their employees, rather than with their end-of-year tax return.
It's important to start preparing now for RTI. Although RTI will be a highly-automated process, with reporting to HMRC embedded into an employer’s payroll software, you need to think about what RTI means for your organisation, how you run your payroll and your business processes.
At Sage we’re RTI ready and working closely with HMRC to ensure our customers’ transition to RTI is simple and stress free. For more information and to download our free Sage RTI guide visit www.sage.co.uk/rti
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