A pilot for real-time PAYE information (RTI) has begun, with the first ten volunteer employers - including HMRC - submitting their RTI return.
HMRC hope that RTI will make it easier for employers, pension providers and HMRC to administer PAYE. Real time tax information will allow employers and pension providers to inform HMRC of PAYE payments as they are made, instead of at the end of every year.
Orange & Gold are not so optimistic about this plan being successful. It puts the onus firmly on the employer processing correctly every time.
If successful, most employers will join the regime in April 2013 and all employers will be using it by October 2013.