PAYE and NI

Small employers who pay staff on a daily or weekly basis are to be given more time to report employee earnings via the new Real Time Information system, HMRC has announced.
Details on the penalties for late and inaccurate returns submitted via the new Real Time Information (RTI) system have been published by HMRC.
Small businesses, the self-employed and start-up companies could all struggle with major upcoming changes to the welfare and benefit system and the way PAYE data is reported, a report by MPs has warned.
A quarter of small firms are oblivious to major upcoming changes to the pay-as-you-earn (PAYE) system which will alter their payroll reporting duties to HMRC, a survey by the Federation of Small Businesses (FSB) has found.
HM Revenue & Customs (HMRC) has kicked off its Real Time Information (RTI) awareness campaign and will be writing to more than 1.4 million employers over the next month.

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