Real Time Information or RTI was introduced from 6 April 2013 which requires employers to submit payroll data to HMRC on or before wages and salaries are paid to employees.
However during the 2013/14 tax year this general rule is relaxed for employers with fewer than 9 employees who may submit their payroll data by 5th of the following month. It has recently been announced that this concession will be extended to 5 April 2016.
This relaxation is very useful as it should be remembered that penalties will start being imposed for late submissions from 6 April 2014. Please contact Sue Stephens if you need advice on operating RTI or would like us to deal with the administration of payroll on behalf of your business.