Samson Accounting
News and Updates
RTI – in 2013 HMRC
RTI – in 2013 HMRC introduced Real Time Information, all employers now report PAYE in real time. Each time an employee is paid employers must submit details about employees' pay and deductions to HMRC using payroll software. These include details of:
- The amount paid your employee(s)
- Deductions, such as Income Tax and National Insurance contributions (NICs)
- Starter and leaver dates if applicable
Auto enrolment / workplace pensions
Auto enrolment / workplace pensions - A new law means that over the next few years every employer must automatically enroll workers into a workplace pension scheme if they are:
- Aged between 22 and State Pension age
- Earn more than £9,440 a year
- Work in the UK
- This is called ‘automatic enrolment’.