RTI masterplan

The idea that all employers will have to comply with real-time information (RTI) electronically and have to do it on or before the date of payment strikes me as a compliance headache to say the least.

I also see from Philip Nye’s article At a crossroads that even HMRC have had to defer the “on or before” requirement from the pilot presumably because they realise it won’t work. So will it be a requirement in April 2013 without ever being tested?

In an attempt to mitigate the administrative effects of RTI I am about to recommend to my small company clients the following.

Calculate the likely amount that can be drawn as dividend over the coming year divide by 12 knock a bit off for prudence and declare that as a dividend each month.

Pay a single director’s bonus in March...