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18/02/2014Yearend Guide IRIS Paymaster April 2019Contents Key dates to remember ....................................................................................................................
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What is real time information?
Real time information is a system used in payroll to report employee earnings, tax and National Insurance deductions to HM Revenue and Customs (HMRC) on or before the date that wages are paid.
Who is required to file real time information?
All UK employers who pay employees are required to file real time information to HMRC.
How to fill out real time information?
Real time information can be filled out using payroll software or HMRC's PAYE Online service.
What is the purpose of real time information?
The purpose of real time information is to ensure that employees' tax and National Insurance are calculated correctly and reported to HMRC accurately and on time.
What information must be reported on real time information?
Real time information must include details of employee earnings, tax and National Insurance deductions, as well as other relevant information such as benefits and expenses.
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