What is RTI
Real Time Information (RTI) is the biggest change to PAYE since its inception in 1944 and it has been introduced to keep HMRC more up to date with all employee payments as they happen rather than at the end of the year as we do now, this means HMRC can be more efficient with the issue of tax codes and universal credits.
How will RTI affect your payroll
RTI will require an electronic submission to HMRC of payroll information every time you make payments to your employees, We will undertake this on your behalf as part of the normal payroll service. However it is likely that We will require additional employee information from you that forms part of the submission, again we will contact you nearer the time when the changes are introduced.
Or for more information you can go to the hmrc website here :
If you require more help, or if you currently process your own payroll and wish for ktc to start processing this for you when the scheme goes live you can contact our offices on
01757 706706 and we will be more then happy to help in anyway possible.