Real Time Information – proving helpful to HMRC

RTI (Real Time Information) reporting for PAYE has been in place for over 6 months now. These compulsory weekly or monthly routines now allow HMRC to see employers PAYE liabilities as they develop during the year and are leading to far more efficient collection procedures. Not only that but we are starting to see examples of refunds due on one tax (income tax or VAT) being offset by HMRC against in year PAYE liabilities, which is not helping cash strapped businesses. Contact us for more information or help