HMRC has sensibly announced a relaxation of the payroll reporting requirements under Real Time Information (RTI) for businesses with less than 50 employees.
Instead of having to report payments to employees on or before the payments to them, you must report by 5th day of the month following the payments.
For more information, the ICAEW website has a good article – click here
© Copyright 2024 David Beckman & Co Ltd. Registered number 04744238 Registered in England. Regulated by the Institute of Chartered Accountants in England & Wales for a range of investment business activities. Registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisers.
Website Created by Web Motivation.
