NewsCase StudiesEvents

Real Time Information: What do I need to do as an employer?

Also in the news...

7 Steps to Starting a Successful Business in College

Many students consider starting a business in college, inspired by the paths of successful people and the many opportunities available. Although various nuances may prevent you from achieving this, results orientation and perseverance will allow you to move mountains.

7 Popular Gibraltar Startup Companies

Though small, Gibraltar is a burgeoning hub for innovative startups. This British Overseas Territory has become attractive for entrepreneurs due to its favourable tax laws and business-friendly environment. Here, we explore seven popular startups significantly impacting their respective industries.

How AI Fashion Models are Changing the Product Modelling Business

Artificial Intelligence (AI) is revolutionizing various sectors, and the fashion industry is no exception. AI fashion models and the utilization of AI-generated images to showcase products represent a futuristic trend blending technology with creativity. This article delves into how AI is transforming fashion presentations, the benefits of this innovation, and potential future developments.

Navigating Tech Challenges in Global Expansion - Solutions for Startups

When you're steering your startup towards international waters, the thrill of tapping into new markets is often mingled with the challenge of navigating tech hurdles. From ensuring seamless operation across time zones to adapting to local regulations, the tech aspect of global expansion can seem daunting.

Guidance Living in Egypt

Information for British citizens moving to or living in Egypt, including guidance on residency, healthcare and employment.

Real Time Information: What do I need to do as an employer?

Back to News

The UK payment system for employment related Pay As You Earn (PAYE) liabilities has undergone a major overhaul (from April 6 2013) with the introduction of Real Time Information (RTI).

What’s new?

Employers (and service providers like us) used to have some flexibility around updating HM Revenue & Customs (HMRC) records for employees. It had be performed but wasn’t aggressively monitored by HMRC. Now the expectation is for instant logging of payroll changes, which means the information submitted must be immediately available as well as full and accurate.

What do I need to do?

The introduction of RTI is in an opportunity for employers to review what information they store and ensure it’s up to date. It is important that employees provide and maintain accurate personal details for HMRC to keep on file. This includes their full name as written on their Birth Certificate and Passport, their National Insurance number and date of birth. Although it sounds unlikely that an employee could mistake their date of birth, the format within which it needs to be written can sometimes cause confusion for North Americans (in the UK, this is structured as DD/MM/YYYY). Incorrectly recording a date of birth could affect the employee’s entitlement to state benefits.

If you have engaged with us, you can rest assured that we will ensure your regular reporting is being performed. If you’re currently outsourcing your UK payroll to another provider, you need to be mindful that submitting RTI is still your responsibility. Ask your provider how they're complying with RTI and if it means any changes for your business.

To discuss any of your payroll related concerns, contact Jeremy below.

Jeremy Montgomery
Senior Manager, Payroll & Global Expansion

Direct Dial: +44 (0) 20 7430 5984
Email: jmontgomery@fitzandlaw.com

Fitzgerald and Law

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.