Real time information introduced
Implementation date: 6 April 2013
Employers are required to report PAYE deductions to HM Revenue and Customs (HMRC) prior to, or at the time of, paying employees rather than at the end of the year, under the new real time information scheme. Until 5 October 2013, employers with fewer than 50 employees can send information to HMRC by the date of their regular payroll run, but no later than the end of the tax month. Employers with 5,000 or more employees will agree start dates with HMRC beginning June 2013. An explanation of the changes can be viewed on the HMRC website.