Real Time Information (RTI) is the biggest change to PAYE since 1944 and new legislation introduced on 6th April 2013 requires UK employers to send employee payment information to HMRC every time they process a payroll run and not just at Payroll Year End.
You need to submit the FPS to HMRC on or before the date on which you pay your employees. If the FPS is late, you need to specify a reason why, and you may incur penalties. (See our blog titled ‘Real Time Information fines for small businesses start from 6th March 2015‘).
Make it easy on yourself
To see how easy it is to manage RTI in Sage One Payroll, watch the video below and then sign up for a free 30 day trial at http://uk.sageone.com/payroll/