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More than 1.6m employer PAYE schemes are already now under the real-time information (RTI) system, covering over 40m individual record, according to HMRC. The announcement comes as the department writes to urge another 167,000 firms to join RTI, having missed one or more deadlines for reporting PAYE.
Bosses should contact the Revenue’s employer helpline on 0300 200 3200 if have not reported because they no longer pay staff members, or because their PAYE scheme has closed or is no longer operating.
More than 1.6m employer PAYE schemes are already now under the real-time information (RTI) system, covering over 40m individual record, according to HMRC. The announcement comes as the department writes to urge another 167,000 firms to join RTI, having missed one or more deadlines for reporting PAYE.
Bosses should contact the Revenue’s employer helpline on 0300 200 3200 if have not reported because they no longer pay staff members, or because their PAYE scheme has closed or is no longer operating.
HMRC believe many schemes can be closed because they no longer have employees linked to them. Employers who are required to operate a scheme for expenses and benefits should submit a nil employer payment summary (EPS) each month, or contact the taxman to change the scheme to annual and then send a nil EPS once a year.
Tax officials will not write to employers who have registered their PAYE scheme as an annual scheme.
PAYE information reported in real time is being used by the Department for Work and Pensions to calculate universal credit amounts paid to people in its pathfinder pilot in the north-west of England, ensuring the amount of benefit reflects level of income.
