In April 2013 HM Revenue & Customs (HMRC) is introducing a new way of reporting PAYE: Real Time Information, or RTI.
Using RTI, employers and pension providers will tell HMRC about PAYE payments at the time they are made as part of their payroll process. Payroll software will collect the necessary information and send it to HMRC Online.
So you will submit information about PAYE payments throughout the year as part of your payroll process, rather than at the end of the year as you do now.
RTI only affects the submission of PAYE information – payment arrangements will remain unchanged.
Most employers will be legally required to use RTI from April 2013 with all employers submitting RTI by October 2013. HMRC will tell you when your business needs to make this move
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