This is the biggest change to PAYE since it was introduced, and it is important that if you operate a payroll you are ready. Basically, instead of supplying information at the end of the tax year, as at present, employers will need to submit the information to HMRC every time a payment is made.
The main reason given by HMRC for implementing this change is the new Universal Credits that are being introduced, and this will also require certain additional information, namely the hours worked by the employee in that payment period, being provided by the employer.
We will expand on this topic over the next few weeks, so keep your eyes on this page if you are affected by this change. Meanwhile, further information on the implementation of RTI can be found on: