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70,000 RTI submissions processed as new PAYE regime launched

HM Revenue & Customs (HMRC) has processed more than 70,000 real time PAYE submissions since the new regime came into effect on 6 April.

Under the new real time information (RTI) system, employers must submit information to HMRC regarding deductions they have made for PAYE, national insurance contributions and student loans when or before each payment is made.

HMRC recently announced an extension to the implementation deadline for those employers with fewer than 50 staff who pay their staff weekly or more regularly, and who find it difficult to report at the time of payment. Until 5 October 2013, these businesses may send information by the date of their regular payroll, but no later than the end of the tax month.

Commenting on the launch of the RTI regime, Ruth Owen of HMRC said, ‘It is great news that so many employers have started to report PAYE in real time. But we are under no illusions – we know that it will take time before every employer in the country is using RTI’.

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