What changes are made to PAYE reporting by the provisions on real time information?

Real time information (RTI) requires employers to report deductions prior to, or at the time of, paying staff, rather than once a year.

Employers no longer need to submit forms P14 and P35 on an annual basis, as HM Revenue and Customs will have accumulated the equivalent information from the separate reports that the employer has made during the year on the occasion of each payment.

Employers no longer need to use forms P45 and P46 when employees join and leave the organisation, as the information previously provided on these forms will be included under RTI.