HMRC launches draft regulations on real-time information reporting

HM Revenue and Customs (HMRC) has launched draft regulations relating to real-time information (RTI) reporting.

The regulations are a result of ongoing engagement with employers about the design of RTI reporting, which took effect from April 2013.

This has led to a number of changes being made to the rules covering pay-as-you-earn (PAYE) and national insurance contributions via secondary legislation.

The draft amendments include:

  • That some employers do not have to make electronic returns. 
  • A new regulation into the PAYE regulations so that, where the direct collection procedure applies, an employee will be required to report receipt of payments of PAYE income under RTI.
  • An amendment to switch off the current late filing penalty, and a small change to terminology.

HMRC is seeking views on these regulations until 24 January 2014.