HMRC Publishes RTI RegulationsSunday, November 20th, 2011
For those that are already up-to-speed with RTI, the latest developments are the issue of draft amendments to Regulations, which outline what the employer’s obligations will be when Real Time Information (RTI) is effective. There are Regulations that are necessary for PAYE, NICs and CIS submissions under RTI, and will apply from 06 April 2012 to those employers making RTI submissions. Therefore, the Regulations will increasingly apply to employers as more and more begin to make submissions under real time exchange.
Note that the Regulations also include a proposal to make redundant the Simplified PAYE Deduction Scheme (SPDS). HMRC are asking for comments on these draft Regulations by 09 January 2012.
Where you are not up-to-date, continue with our story below. These latest documents will appear in the next week or so.