HMRC seeks feedback on RTI regulations
Business news 02 Sep 2013
HM Revenue & Customs (HMRC) is seeking feedback from employers to discover how they are coping with the requirement to report PAYE information in 'real time'.
The tax authority has launched an online survey to gauge opinion on the new real time information (RTI) legislation, which came into effect in April this year.
Under the new rules, employers and pension providers must submit information to HMRC regarding deductions they have made for PAYE, NICs and student loans when or before each payment is made, rather than at the end of the year.
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