According to their website, HMRC recognise that some small employers who pay employees weekly, or more frequently, but only process their payroll monthly may need longer to adapt to reporting PAYE information in real time. HMRC have therefore agreed a relaxation of reporting arrangements for small businesses for a transitional period until April 2014.
Basically this relaxation means that employers with fewer than 50 employees, who find it difficult to report every payment to employees at the time of payment, may send information to HMRC by the date of their regular payroll run but no later than the end of the tax month in which the payments are made.
HMRC state they will continue to work with employer representatives to assess and understand the impact of RTI on the smallest businesses and consider whether they can make improvements to real time reporting which will address the concerns of the business community.
At ABG Payroll we have taken the RTI hassle away from clients, so they can concentrate on running their business. Not only that we keep our clients well informed about any developments that occur re RTI
For further information take a look at HMRC’s guidance on exceptions to reporting PAYE information ‘on or before’ paying an employee. CLICK HERE
Or call us on 01932 844 341 for more advice and information.