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2014 4 NEW LAWS AND REGULATIONS WATCH.3 .............................................. 3 ........................................ 6 7 1 ....................
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What is real-time information?
Real-time information is data that is updated immediately as events occur, providing instant insights.
Who is required to file real-time information?
Employers and payroll providers are required to file real-time information with HM Revenue and Customs (HMRC).
How to fill out real-time information?
Real-time information can be filled out using payroll software that is compatible with HMRC's systems.
What is the purpose of real-time information?
The purpose of real-time information is to ensure that HMRC receives up-to-date information about employees' earnings and deductions.
What information must be reported on real-time information?
Real-time information must include details of employees' earnings, tax deductions, and National Insurance contributions.
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