| HM Revenue and Customs
(HMRC) is inviting employers to respond to
a second phase of consultation on
improving PAYE through the use of Real
Time Information (RTI).
The consultation, launched on 3
December, follows an HMRC discussion paper
published in July 2010, which outlined RTI
as a way to reduce costs for employers and
HMRC and improve customer service for
individuals.
The RTI process will allow information
on tax and other deductions to be
submitted automatically to HMRC at the
same time as employees are paid.
Following a positive response to the
discussion paper, ministers have decided
to proceed with a phased introduction of
RTI, beginning in 2012.
The new consultation document explains
how RTI will work in more detail and sets
out a timeline for its introduction.
HMRC says it is keen to hear the views
of interested parties on the proposals and
particularly on the information it
proposes employers will have to submit to
HMRC and the channels to be used to send
this.
It stresses that its intention is that
RTI should involve only data already
collected and recorded by employers for
PAYE purposes or to satisfy other existing
legislative requirements.
The consultation runs until 28 February
2011.
LINK:
PAYE RTI consultation |
