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HMRC Provides Initial UK RTI Data

by Jason Gorringe, Tax-News.com, London

09 April 2013


Since the launch of HMRC’s Real Time Information (RTI) requirements on April 6, some 70,000 pay-as-you-earn (PAYE) returns have been submitted in the UK.

Under RTI, employers report PAYE in real time from their first pay day on or after April 6 each time they pay their employees, rather than yearly. HMRC claims the new system will improve the operation of PAYE for employers, HMRC and employees. It will also reduce administrative burdens for employers, it adds.

HMRC's Director General of Personal Tax Ruth Owen says it is "great news" that employers are already embracing the changes. She adds, "But we are under no illusions – we know that it will take time before every employer in the country is using RTI. We appreciate that some employers might be daunted by the change – but they don’t need to be. HMRC is on hand to offer help and support and we are taking a pragmatic approach – which includes no in-year late filing penalties for the first year."

Businesses with fewer than nine employees will have access to free software to help them adopt the new RTI system, while YouTube videos, online guides and webinars have also been released to help businesses through the changes.

TAGS: business | Personal Tax | employees | penalties | Tax

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