Paul Bulzacchelli
Paul Bulzacchelli

A Lichfield accountant is advising local employers to prepare for the biggest PAYE reform since 1944.

From April 6 employers and payroll bureaus will be required to send HMRC information about PAYE deductions as they are made, as opposed to the current annual basis.

Paul Bulzacchelli from Inspired Accountants is advising local employers to get up to speed with the new PAYE Real Time Information (RTI)reporting.

“RTI reporting will become an integral part of an employer’s normal payroll activities,” he explained. “They will need to ensure when they run their payroll, their software will gather the appropriate information required by HMRC.

“If you make payments via a payroll bureau or accountant you should discuss with them any necessary changes you need to make to your PAYE processes and ensure that they are RTI-ready. Alternatively, if you run your own payroll you will need to review your procedures and assess your software to ensure it is capable of processing and submitting RTI data.

“If you do not currently use payroll software, you will need to take steps to ensure that you are able to submit data to HMRC electronically by the deadline.”

Inspired Accountants have produced a free factsheet on the RTI changes. To request a copy, call 01543 624 600 or email [email protected].