All business running a PAYE payroll now have to be compliant with HMRCs Real Time Information (RTI) system. RTI means that you have to notify HMRC every time you pay staff. This has to include how much you are paying staff, when your are paying them, and how many hours they’ve worked. The notification has to be done electronically using HMRC approved payroll software. If you are PAYE registered but are not actually paying yourself then you still have to file RTI returns to HMRC letting them know.
Since the RTI became a requirements in April 2013 it has become much harder for small businesses and startups to run their own payroll systems, not least because of the expense of the specialist software needed. Using our managed payroll service offers a cheaper and easier alternative for new businesses.