Some updates regarding Payroll this year

Real Time Information (RTI) is an initiative by HM Revenue & Customs to make it both simpler & more efficient for employers & team members to contribute via PAYE. Previously, PAYE would be deducted monthly, with a wage packet, and this is still in case; however, the RTI scheme means that PAYE will be an annual commitment - giving employers & employees more options to increase their tax efficiency

This means that instead of sending a P35 on May 19th, you'll just be required to send the required RTI data on April 19th 2014. For any company represented by LBW, this transition will be handled automatically. If you're interested in letting LBW handle your payroll matters, we'd invite you to contact us to receive more details on how to implement this initiative.