Shake up of PAYE begins
6 Apr 2013 12:39 PM
The biggest shake up of the Pay As You Earn (PAYE) system in nearly 70 years - Real Time Information - starts from 6 April.
Employers are now required to move to a new way of reporting in real time, where they report to each time they pay employees, rather than annually. This updates the system so that it is quicker, easier & more accurate.
Employers will benefit from much simpler requirements for reporting to & the abolition of the extensive annual tax return that the old system required.
Click here for full press release