June 14, 2013

HMRC has extended the temporary relaxation of real time information (RTI) reporting rules for small businesses for a further six months to April 2014. 

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​The exemption which only applies to  businesses with less than 50 employees was due to expire in October 2013. However some of  the details of the exemption are still not finalised.The relaxation has meant that these businesses are still required to report through the new system, but are able to do so once a month, rather than each time they pay their employees. This gives small businesses that pay weekly (or more frequently), but who only run their payroll at the end of the month, some extra time to adjust to the new requirements. For more information visit the HMRC website - click on link below