Employers must “act now” over changes to RTI, The Forum of Private Business warns

The Forum of Private Business (FPB) is urging small firms still not ready for the biggest change to the PAYE tax system since its introduction in the 1940’s not to ignore the issue and act now.

Real Time Information (RTI), will come into force on 6th April, at which point all firms that employ staff, regardless of numbers, need to have new payroll software installed.

While HMRC has promised an easy ride for firms that do make mistakes using the new system, and has even made a last minute temporary change allowing some concessions for certain small businesses that pay staff weekly, the Forum has said firms who’ve taken no steps at all to be ready for RTI could well find themselves in “hot water” with the Inland Revenue…..

http://www.hrmagazine.co.uk/hro/news/1076774/employers-act-changes-rti-forum-private-business-warns

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