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Employer Bulletin: Real Time Information

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HMRC guidance sets out 'essential facts' and key dates

HMRC’s Employer Bulletin Issue 42 is devoted to telling employers what they need to do to prepare for ‘the biggest change to PAYE for over sixty years’.

Migration to reporting PAYE information in real time is mandatory, HMRC says in a summary of the ‘essential facts’. Most employers and pension providers will move to reporting PAYE information in real time from April 2013; HMRC will write to employers next month to tell them what they need to do to get ready, and again next February to confirm the date from which they should start making real time submissions.

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