Need Help With RTI Submissions? Harris & Co Accountants Northampton Can Best Help
The RTI (real time information) system came into effect on April 6. Under this system, employers must submit information to HMRC regarding deductions they have made for the PAYE, national insurance contributions and student loans when or before each payment is made. Since the system was introduced, HMRC has received over 70,000 successful PAYE submissions despite gateway maintenance over the weekend and employers facing some difficulty and delays with submission.
Ruth Owen, the director general of personal tax, stated that though RTI is the biggest change in the PAYE system in 70 years and it might take some time to be fully understood and used properly by all, help is always available from HMRC, and no in-year late filing penalties will be issued in the first year of the scheme. RTI is mandatory and all employers must use it. There will be serious penalties for businesses that don’t comply as well as for inaccurate submissions. If your company feels unprepared for RTI, then Harris & Co Accountants Northampton can best help. Our service will not only ensure your RTI payroll is a successful one, but will also equip you with everything you need to know to successfully submit RTI.
Get RTI Ready With Harris & CO Accountants Northampton
Harris & Co accountants Northampton have been successfully running real time information for their clients and providing continued support. We are fully conversant with RTI and can assist you with all your needs. We will do a review of your procedures and see if any practice conflicts with RTI, then suggest amendments and help you implement them.
To know more about our services contact Harris & Co accountants Northampton at 01604 660661, firstname.lastname@example.org