As an employer operating PAYE services you will no doubt have been receiving information from The Inland Revenue regarding a change to the payroll reporting systems. Up until now you may have been deducting employees National Insurance and tax and paying this to The Inland Revenue on a monthly or quarterly basis then in May of each year completing an annual return detailing all the deductions made and the employee details.
This has all changed. With effect from the 2013/14 tax year The Inland Revenue require monthly reporting online (known as Real Time Information) otherwise you will incur fines for each month you are late reporting. Many employers we have spoken to are unaware of the changes and as a result are unprepared for this. At Money Management Accountancy Limited we utilise fully approved payroll software and can take all the headache of preparing monthly payslips & Inland Revenue Reporting away from you.
Complete the Money Management Accountancy Limited contact form now and you are one step closer to solving this problem.