Real Time Info for PAYE

October 18th, 2012  |  Published in Uncategorized

Are you ready?

From 5 April next year, the PAYE system is changing to Real Time Information –

Basically you advise HMRC live and online of each payment you make to employees and directors.  This way, you always know how much you owe thwm, and they have up to date information needed to implement the new Universal credits system.

Some existing software will be withdrawn, such as Payexcel and Sage TAS payroll. There will be  HMRC online tools, but they have been described as being very user unfriendly.

Whilst Woodford & Co hasn’t yet committed to software for 2013/14, we will be submitting online payroll information for clients, and would be happy to discuss your payroll requirements with you.

Comments are closed.