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 50 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 us if you need advice on operating RTI or would like us to deal with the administration of payroll on behalf of your business.


You can also read more about this on the HMRC website: https://www.hmrc.gov.uk/news/relax-small-business.htm