Real Time Information (RTI) update
HMRC are advising that over 1,300 employers will join the Real Time Information (RTI) pilot between now and September 2012.
Stephen Banyard, Acting Director General for Personal Tax, said:
‘RTI is on track and the pilot is going very well. We started in April with just 10 employers and now we’ve successfully received over 1.7 million individual records from 338 PAYE schemes.’
‘Following the success of the first pilot stage, more PAYE schemes will join the RTI pilot, as planned, and by the end of September up to 1,300 employer schemes will be reporting PAYE in real time.’
‘We are also seeing external confidence in the pilot and we’ve responded to that by offering more large employers, payroll bureaux, new employers and software developers the opportunity to join the RTI pilot or to expand existing involvement in advance of the launch date in April 2013.’
HMRC expect most employers to begin RTI reporting in April 2013. All employers will be routinely reporting PAYE in real time by October 2013, in time for the introduction of Universal Credit.
HMRC have updated their frequently asked questions on RTI and also published information on RTI for payrolls involving ‘expat’ employees.
On the 18 September we will be delivering a presentation on RTI and the impact it will have. If you would be interested in attending, please contact to [email protected] to register.