Act Now to Prepare for Real Time Information (RTI) PAYE Reporting says FMB

News report from the FMB. From April 2013, the way that businesses report PAYE data to HMRC will be changing. This will come as a surprise to many building firms. Nearly all employers will have to send data electronically each time they pay their employees, rather than sending a separate return at the end of the year.

Returns will include details of the employees' pay, tax and reductions. You need to speak to your accountant or Payroll software or services provider.

Good news is that Construction Industry Accounts software available for builders from HBXL will do all this for you (if you opt for the Payroll module).

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