Small business owners should be aware that RTI penalties for companies with less than 50 employees kicked in from March 2015.
RTI has now been in existence for a few years, gradually rolling out to businesses of all sizes and now that the system is fully implemented, the final part of the jigsaw is being introduced – the stick!
We would strongly recommend that you avail yourselves with the RTI penalty structure and time limits to ensure your continued compliance with the scheme – which you can do by visiting this page on the HMRC website
If you have been running your own payroll and now want to outsource it or need advice on setting up a new, RTI compliant PAYE scheme, please contact us.