A seminar staged by Swindon accountants Banks on impending changes to payroll, which will affect all employers, proved so popular it is being re-run.
The first free seminar on RTI – or Real Time Information – attracted a full house of nearly 40 people to Banks’ Stratton head office – demonstrating the widespread concern about the issue.
It is now being re-staged this Wednesday.
Banks director Richard Mathews said: “RTI comes into force in April for all but the very largest employers and there is real concern out there about the impact it will have on companies.
“We run a payroll bureau which deals with the payroll of many clients and our payroll manager, Anne Bluh, is fully versed in what the changes mean.
“But many companies deal with their own payroll and are simply not aware of what RTI means, nor do they fully understand its implications.”
RTI is being heralded as one of the most significant changes to affect payroll for decades. The change means that instead of waiting until the end of a tax year to tell HMRC about tax and National Insurance deducted from employees, employers will have to inform the Revenue whenever these happen – in ‘real time’. Employers and pension providers will send information to HMRC online whenever there is a pay run, and this applies to all employees, including those paid below the National Insurance Lower Earnings Limit (LEL).
The seminar is once again being led by Anne and will run from 5.45 (for a 6pm start) to 7pm, with an opportunity for discussions afterwards. To book, visit www.banksca.co.uk or email firstname.lastname@example.org.
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