United Kingdom

Real Time Information (RTI) 

Real Time Information (RTI) is the most significant change to the PAYE system in its 65 year history.

All employers and pension providers will have to tell HMRC about salary details, income tax, national insurance contributions, expenses and other deductions when or before the payments are made, instead of waiting until after the end of the tax year. RTI supports the introduction of Universal Tax Credits, which will rely upon up to date real time information about pay and benefits and it is, therefore, imperative from the government’s perspective to have all employers using RTI by October 2013.

 

During October 2012 HMRC will be writing to all employers regarding RTI.

 

If they’re not already thinking about RTI, employers, CFOs and payroll professionals need to turn their attention to it. And quickly.

 

RTI survey results

KPMG have hosted RTI seminars focussing on the issues affecting employers from the implementation of RTI and the steps they can take in preparation. Following discussions with employers and from analysis of results from our recent RTI survey, we have set out our key findings in the document below.  We separated the results into the key issues that we consider to be facing businesses from the implementation of RTI.


In addition, we have noted the steps that businesses can take in house to prepare for RTI and the questions that employers need to start asking themselves and their software providers.

 

  • Download the Survey results (PDF 2.5 MB)

RTI readiness survey

Have you considered the issues facing your businesses from the implementation of RTI?

 
Take our survey, which will take you less than ten minutes to find out!