Monday 10 June 2013

RTI Roll out Delays


It seems that approximately 600,000 PAYE schemes have not yet switched to Real Time Information (RTI) as such, according to Snowdropkcs, a large number of employers who are behind on their roll out date are set to be contacted by HMRC imminently.

The roll out of RTI is being staggered and while some of the businesses that have not yet adopted it are not required to do so before October, HRMC believes that many of the non-compliment firms are businesses that were required to make the switch over from the beginning of this current tax year.

A spokesman for HMRC is quoted:
"At the end of June, we will be writing to the small minority of employers whom we expected to start, but haven't yet done so. We will confirm the final numbers before the end of June."
Additionally pilot employers that did not submit a return by May 19th could be subject to a PAYE end of year penalty.

Comments and feedback from SME's that are experiencing problems/delays with RTI implementation are very welcome.

Tax does have to be taxing.

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1 comment:

  1. I would say a third of PAYE schemes not complying with RTI is a bit more than a 'small minority'.

    To be honest I always thought HMRC was being wildly optimistic in expecting all employers to submit returns on a monthly let alone a weekly basis.

    ReplyDelete