By Daniel Hunter
Intelligo, the HR and Payroll providers, have announced that over one million employer PAYE schemes have started to report Pay as You Earn (PAYE) in real time since it was launched in April.
Under RTI, employers report PAYE in real time from their first pay day on or after 6 April each time they pay their employees, rather than yearly.
"Real Time Information (RTI) is the most fundamental change to the UK PAYE system in decades. Employers will have to provide detailed employee information (up to 130 items of data per employee) at the time they make each and every wage or salary payment," Intelligo's Director Padraig Gill explained.
"That's in stark contrast with the current PAYE regime where employers simply make returns to HMRC, with no obligation to provide supporting documentation until the end of each tax year."
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