At Apex Accountants, we provide thorough coverage of PAYE and RTI reporting requirements as part of our payroll management services UK. The PAYE (Pay As You Earn) system is fundamental for deducting income tax and National Insurance contributions directly from employees’ wages. Our payroll processing UK services ensure that these deductions are precisely calculated and remitted to HMRC.
Real-Time Information (RTI) reporting is a crucial component of effective payroll management services. It mandates that employers submit payroll information to HMRC every time they pay their employees. This includes:
PAYE (Pay As You Earn) is a system where employers deduct income tax and National Insurance Contributions (NICs) from employees’ salaries. In contrast, RTI (Real Time Information) is a newer system that requires employers to report payroll information to HMRC electronically every time they pay an employee.
Key Differences Between PAYE and RTI:
In essence, the PAYE system serves as the foundation, while Real-Time Information modernises and enhances efficiency and accuracy in the UK’s payroll system.
Our online payroll services UK leverage advanced software to optimise the PAYE system and Real-Time Information reporting:
Let Expert Handle The Payroll Complexities!
Don’t let compliance issues disrupt your payroll. Instead, streamline your PAYE and RTI reporting with our expert payroll services UK. By enhancing accuracy, ensuring timely submissions, and maintaining compliance effortlessly, you can focus on your core business activities. Reach out now to discover how we can support your business and simplify your payroll processes effectively.