RTI (Real Time Information) represents the biggest change in payroll since 1944 when Pay As You Earn (PAYE) was introduced. All small to medium businesses will be legally required to report payroll information in real time from April 2013. That means every employer needs to submit information about PAYE to HMRC every time a payroll is run and employees are paid e.g. weekly if you run weekly payrolls and on or before the pay date. Due to this significant change in the way that payroll is to be processed, IRIS are working closely with HMRC and have developed the number one RTI Solution.
The IRIS RTI Solution comprises of:
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