Tax change for PAYE

Published:  31 January, 2013

HMRC has confirmed that it will go live with Real Time Information reporting for PAYE and National Insurance Contributions from April this year.

This is a significant change which will require all employers to make a PAYE/NIC return for each employee on or before the pay date.

It is a new system introduced by HMRC to report pay, tax, NI and other details each time the payroll is processed be it weekly, 2 weekly, 4 weekly or monthly.

Previously, all employers were required to submit a P35 or P14 at the end of the tax year. With the introduction of Real Time Information submissions sent each pay period, HMRC will no longer require this end of year information after the 12/13 year end and can instead keep track of all processes in 'real time'.

From April 2013, it will be mandatory for all employers with less than 5000 employees to make Real Time Information submissions.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.