Last month’s newsletter included details of the major change in reporting of PAYE information to HMRC from April 2013.
The new process is to be known as Real Time Information (RTI) reporting. From 6 April 2013 you will be required to submit payroll data on or before the date that salaries and wages are paid to employees rather than wait until the end of the tax year to submit a P35 and associated returns.
This is the first major change to the PAYE system since 1944.
If you are still unsure how to proceed please contact us as a matter of some urgency. This is not a voluntary change. HMRC have disclosed that they will go easy on employers who are late filing their required online returns for a period of time. Ultimately you will need to comply and we can help.