The author focuses on the British HM Revenue & Customs' (HMRC) Real Time Information (RTI) for the Pay As You Earn (PAYE) system and it is driven by an agenda imposed by the Department for Work and Pensions (DWP
RTI means that employers will send data about PAYE, NIC and student loans every time they pay their employee Why is HMRC introducing RTI? HMRC is introducing RTI for a number of important reasons. To enable a more efficient response to PAYE errors such as under or over payments. To support...
The article notes employees' PAYE income tax, National Insurance Contributions (NICs), and Student Loan information have to be reported to the HM Revenue and Customs (HMRC) agency. It also notes there are inconsistencies in the HMR...