If you have employees then by now you should be filing on-line payroll returns every time you pay your employees. From 6 April 2013 employers started reporting payroll information to HM Revenue & Customs (HMRC) in real time. You may see this referred to as Real Time Information – or RTI. This means that employers (or their accountant or bookkeeper) have to:
send details to HMRC every time they run the payroll and pay an employee, at the time they pay them
use payroll software to send this information electronically as part of their routine payroll process
But we don’t have any employees!
Really? Are you sure?
Think very carefully about all of the people you make payments to. Are you really sure that they are self-employed?
Now that I have planted a seed a doubt in your mind take a look at the Employment Status … Read More »