Real Time Information (RTI) Explained
Real Time Information (RTI) for PAYE
Real Time information will improve the operation of the PAYE system by creating more up-to-date taxpayer records and making the system easier for employers and HMRC to administer.
Why are HMRC changing PAYE
When PAYE was introduced almost 70 years ago, most people held just one job for most of their life and employers sent HMRC pay and tax information annually, but many people change jobs more frequently, or have multiple employments or pensions, making it more difficult for HMRC to keep their data up-to-date.