What is RTI?
Real Time Information (RTI)
is HMRC's online
payroll "capture" system for PAYE
which was introduced in April 2013.
It is now a legal requirement for most businesses to use RTI.
Every month you will be required to file online all of your employees' pay and tax deductions.
There are Penalties for late filing.
HMRC PAYE Late Filing Penalties
There are Penalties for late payment.
HMRC PAYE Late Payment Penalties
Once a PAYE scheme has commenced, a monthly FPS
must be submitted.
A period of inactivity
must be submitted if there are no wages or salary in a particular month.
Most Accounting Software
is designed for RTI.
HMRC offer their free Basic Tools
to run your basic payroll.
Click here for more information from HMRC: HMRC PAYE Webpage