Pegasus Real Time Information (RTI)

In April 2013, HM Revenue & Customs (HMRC) is introducing a new way of reporting PAYE: Real Time Information (RTI).

RTI is being introduced to improve the operation of PAYE, making it easier for you, the employer, to operate PAYE. Employees will receive the information more quickly and it will help support the introduction of Universal Credits.

Watch the Video

Take 10 minutes to watch the Pegasus RTI overview delivered by a Product Specialist.

Download our Free Guide

Download our free PAYE Real Time Information Guide to Understanding to find out more and how you can get ready.

All Pegasus payroll solutions* will be ready for RTI in February 2013.

"Real Time Information means that employers and pension providers will tell HMRC about PAYE payments at the time they are made as part of their payroll process. Payroll software will collect the necessary information and send it to HMRC online."

HM Revenue & Customs

What is PAYE RTI?

RTI will ensure that the PAYE system meets the needs of the 21st century and will make it easier for employers, pension providers and HMRC to administer PAYE. Under RTI, employers and pension providers will tell HMRC about PAYE payments at the time they are made - as opposed to how it is done today, at the end of the financial year.

With the forthcoming HMRC RTI system, employers will be required to send data about PAYE, NIC and student loans every time they pay an employee, rather than just once a year with the end-of-year return. Payroll software will collect the necessary information and sent it to HMRC online. All Pegasus payroll solutions* will be ready for RTI in February 2013.

HMRC regularly update their website.

*Opera 3, Opera II and Capital Gold Payroll

For further information about Pegasus Solutions contact Luke on 01482 210999 or email info@genesisIT.co.uk or visit www.genesisIT.co.uk.

Genesis Business Systems, Goulton Street, Hull, HU3 4DD