Understanding the RTI Functionality

This topic discusses:

• RTI benefits.

• Tasks to be performed prior to RTI.

• RTI process.

UK employers and pension providers can electronically submit Pay as You Earn (PAYE) deductions information to the HM Revenue & Customs (HMRC) as and when the deductions are made. HMRC introduced major changes to the process of making statutory returns for PAYE and National Insurance (NI), and transferring data between HMRC and employers. This is often referred to as Real Time Information (RTI). RTI reporting is mandatory for all employers as of October 2013.