Do you run a company with employees or are you a sole director of a company? If so then as of the 6th April 2013 you will have to start reporting PAYE information to HMRC in real time as employers. This is referred to as Real Time Information or RTI.
Are you ready for RTI?
This means that as employers you will have to send details to HMRC every time an employee is paid and that would include director salaries.
There are various electronic systems that you can use to make this easier for you. Through the payroll system that I use at Naylor Accountancy Services I will be sending this information electronically to HMRC as a routine part of the payroll process.
At Naylor Accountancy Services RTI is all part of the payroll service we provide ensuring that clients are compliant with the new regulations.
If you would like to find out more about RTI and how it might affect you please contact me on 01892 710 510 or email me at Nikolai@nayloraccountancy.com