Until October 2013, those with 50 or fewer employees get more time to report to HMRC
HMRC has recently announced a relaxation of Real Time Information (RTI) reporting arrangements for small businesses in the first six months of the new system.
HMRC says: “Until 5 October 2013, employers with fewer than 50 employees, who find it difficult to report every payment to employees at the time of payment, may send information to HMRC on the date of their regular payroll run but no later than the end of the tax month (5th).”
Whilst this is only a delay in full implementation it does give the small business a breathing space to ensure that they are fully compliant. This period of grace should not be wasted.