Articles published on this website prior to October 2012 have been archived, and some information and links may be out of date. This follows the acquisition of Albany Software by Bottomline Technologies in September 2012.
Published on Tuesday, September 11, 2012
Six million employees are due to be processed on the system by April 2013, but the timetable for migration has been loosened to allow larger organisations extra time to handle the changeover. This should relieve the burden on HMRC, as well as the companies involved, and ease concerns over the tight timescale.
David Gauke, Exchequer Secretary to the Treasury, has dismissed suggestions that HMRC will struggle to implement the PAYE system overhaul, which incorporates Universal Credit and Real Time Information. "It's on track. It's going very well," Gauke explains. "We're very optimistic that it will deliver on the timetable that we said."
HMRC anticipates that the compulsory switch to RTI will be beneficial for companies, who can expect to see dramatic cost savings as well as a reduction in fraud and errors. Businesses are advised to contact their payments software provider to ensure their systems are RTI-compliant long before April 2013.