Smaller employers given real-time breathing space
Posted by mostafa on 19 March, 2013
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This item was filled under Tax
Transitional arrangements to allow a six-month relaxation of real-time information (RTI) arrangements for employers with fewer than 50 employees have been announced by HMRC, and leading tax professionals hope it will become a permanent solution.
From RTI’s launch on 6 April to 5 October, employers with fewer than 50 members of staff may send information to the Revenue by the date of their regular payroll run, but no later than the end of the tax month on the 5th.
Taxation understands the change of heart follows pressure put on the taxman and the Department for Work and Pensions by …