Real Time Information (or RTI) is an HMRC directive designed to improve and streamline the flow of payroll, National Insurance and tax information between employers and HMRC by requiring information to be submitted before each payday.
The scheme is a requirement for all SMEs as of 6th April 2013. RTI represents a major shift for payroll operations, and prior to launch was described as “the biggest change since the introduction of PAYE in 1944.” HMRC will be doling out hefty fines for non-compliant businesses, so RTI responsibilities are not to be scoffed at.
The good news for Crunch clients, though, is that our software lends itself perfectly to RTI, and actually means less work for everyone now the scheme is up and running! With RTI in operation, P35s and P14s are no longer needed, and our software simply files information through the Government Gateway every time a company director pays themselves or pays their employees through our payroll services.
Best of all, our RTI system is totally seamless and included in our monthly fee (provided you operate payroll as recommended by our accountants), with no fiddly extra payroll packages, no software patches or instruction manuals!
@TeamCrunch yay! must admit that RTI implementation in Crunch went very smoothly! Well done!
— Patsky – Patryk K. (@PatskyPat) May 1, 2013
— Digital Integration (@DigIntBiz) February 20, 2013
Got my PAYE RTI notification from HMRC. Ripped it up and threw it in the bin because @teamcrunch told me it's sorted
— Steve Evans (@steve_e) February 14, 2013
Marc Littlemore – Minipenny
After dreading doing it for a month or so my company accounts are finally up to date thanks to the easy @TeamCrunch interface. Hurrah!
Alessandra Prati – Art direction
I just wanted a headache free solution, which is exactly what I found in Crunch. Starting up a limited company was done in
Robert Morrissey – Deeply Ltd
Always blown away by the service and features of @teamcrunch – if they continue to improve at this rate, my accounts will do themselves
Tamsin Allen – Creative & Art Direction Ltd
This whole process has been so painless – I’m impressed!