RTI was originally launched in April of this year to a select few businesses and pension providers, before being extended at the beginning of May.
As part of the pilot scheme, those businesses and pension providers currently taking part are required to provide HMRC with details of any PAYE changes when they happen, rather than at the end of the tax year.
It is hoped that the scheme will be rolled out by October next year; and with HMRC continuing to be happy with the progress of the pilot, they have revealed that a further 1,000 businesses will be joining the pilot programme between now and the end of September 2012.
Acting Director General for Personal Tax, Stephen Banyard, said of the scheme: “RTI is on track and the pilot is going very well. We started in April with just 10 employers and now we’ve successfully received over 1.7 million individual records from 338 PAYE schemes.
“Following the success of the first pilot stage, more PAYE schemes will join the RTI pilot, as planned, and by the end of September up to 1,300 employer schemes will be reporting PAYE in real time.
“We are also seeing external confidence in the pilot and we’ve responded to that by offering more large employers, payroll bureaux, new employers and software developers the opportunity to join the RTI pilot or to expand existing involvement in advance of the launch date in April 2013.”
For more information, please visit www.twpaccounting.co.uk
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