Are you ready for Real Time Information?
In April 2013, HMRC is changing the way that employers have to report PAYE.
Real Time Information requires that your payroll information must be filed online on a weekly or monthly basis instead of by annual return. This information will be linked to the new Universal Credit system of benefits, so your employees should be made aware of this when the time comes. This applies even if you have employees on your payroll who earn less than the Lower Earnings Limit or are paid on a casual basis or annually.
Can JSO still provide my payroll service?
We have invested in the new software necessary to be compliant with Real Time Information and will support you through this change to ensure as minimal disruption as possible. To process your payroll, we will need your employees’ full details, so please remember to use the New Starters Form on our website to ensure that we hold the complete and correct information for all new employees.
What do I need to know now?
We will be contacting all our clients to provide information about the Real Time Information change so make sure you look out for our correspondence.
There are several important points to note:
A specific filing date will be issued to everyone running a payroll – it will be impossible to deviate from this date and there will be penalties involved for non-compliance.
Once the payroll has been filed, no alterations will be possible.
If you have any questions, please don’t hesitate to get in touch and if you know of anyone who would appreciate learning more about our payroll service, please ask them to contact us at email@example.com.