Forest umbrella is already up and running with RTI.
HMRC are currently trialling RTI – Real Time Information. Due to become law in April 2013, HMRC’s RTI will usher in a new way of reporting PAYE. It means that employers and pension providers will have to inform HMRC about PAYE payments at the time they’re made, as part of the payroll process. Payroll software will have to collect the necessary information and send it to HMRC online.
As part of our commitment to staying ahead of the curve, forest have already completed implementation of real time information. Our application to the HMRC pilot was successful, and we were one of the first UK employers to go live. Our partner recruitment agencies have benefited tremendously from this – another way we lessen the burden for our clients.
Real time information will have an impact on your payroll team. We love hearing from SME’s and recruitment consultancies, so for more information and to learn how we can help, contact us on 0845 459 4099 or click here to contact us.