Heard of the Real Time Information (RTI) system yet?

[Scottish Business Owner]

A really good article below for Businesszone regarding the implementation of a new HMRC system centred around employers payroll (PAYE/NI etc). You've probably not heard much about this yet and I certainly know from experience that most people kind of look at me with a blank stare

More information at the link below.

http://www.businesszone.co.uk/topic/technology/you-re-probably-not-ready-rti/36328

I have to say this is probably something thats been needed for ages. I guess the big bug bear with this will be employers trusting HMRC to implement this and operate it well.

Thoughts and comments welcome

 

[kmbookkeeping]

I'll be more interested to se if HMRC are ready for it. And if they are, I for one will be shocked.

Kris

 

[johnmessingham]

"Furthermore, the introduction of RTI will mean either the simplification – or even abolition – of the P45 and P46 forms. Instead, HMRC will be responsible for dealing with company leavers and joiners, with only basic notifications from employers."

Sounds like another coding fiasco in the making.