The Real Time Information (RTI) pilot launched by HM Revenue & Customs (HMRC) in April is now increasing in pace, with a further 1,300 employers expected to join by September.
However, employers who are currently using the basic PAYE Tools and wish to join the pilot before the end of the year need to apply by August 24, as do employers who become clients of software providers, bureaux or agents.
Employers of any size who operate a standard PAYE scheme or occupational pension scheme and who wish to join the plot between November this year and March 2013 need to apply by August 24 too.
As Stephen Banyard, Acting Director General for Personal Tax, said last month: “RTI is on track and the pilot is going very well. We started in April with just 10 employers and now we’ve successfully received over 1.7 million individual records from 338 PAYE schemes.
“Following the success of the first pilot stage, more PAYE schemes will join the RTI pilot, as planned, and by the end of September up to 1,300 employer schemes will be reporting PAYE in real time.
“We are also seeing external confidence in the pilot and we’ve responded to that by offering more large employers, payroll bureaux, new employers and software developers the opportunity to join the RTI pilot or to expand existing involvement in advance of the launch date in April 2013.”
To join the pilot businesses need to be operating a standard PAYE scheme or occupational pensions scheme and be using software to do so or using the services of a payroll bureau or agents. Payroll bureaux or agents can volunteer to join on behalf of their clients as long as the client also agrees to join.
As an accountant, Simon Denton specialises in providing PAYE advice, support and guidance.