RTI: Will I need to pay employees by BACS?

I have been reading about Real Time Information (RTI) and I think my software is RTI-compliant. But I just wanted to check how I will pay employees under RTI.

1st November 2012

HM Revenue & Customs (HMRC) are not at presently prescriptive about the method used to pay employees. And under the existing proposals for RTI, HMRC will not look to mandate how employees are paid. So unless anything changes, you can continue to use whichever method you wish to pay employees.

If you would like assistance with your payroll affairs or ensuring your business is ready for RTI, please feel free to contact your local TaxAssist Accountant.

By Jo Nockels

Disclaimer: Advice shared in this blog is intended to inform rather than advise. Taxpayer's circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this forum, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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