As you are probably aware, from April 2013, HMRC are changing the way employers report payroll information. Rather than sending information at the payroll year end, information must now be reported in real time. This means sending details to HMRC every time you make a salary payment to an employee or director at the time you pay them, using a new procedure, the Full Payment Submission (FPS).
Submitting incorrect or late data may result in the FPS being rejected which could lead to penalties for the business.
If you require any assistance with RTI compliance please get in touch with us at info@network4m.com and we will send you our fact sheet.
