The introduction of PAYE Real Time Information (RTI) presents a major challenge for many employers who have just solely domestic employees, but for businesses with expatriate workforces the complexities are increased. This is demonstrated by the fact that HMRC has issued specific guidelines on the subject, which although helpful, only serve to underline the need for relevant processes to ensure compliance.
Failure to implement and comply with RTI requirements, can create issues for Senior Accounting Officers (SAOs) and may lead to penalties being levied by HMRC.
Employers need to consider whether their current processes and controls are adequate to deliver an accurate payroll. The following gives a snapshot of the types of questions they should be asking of themselves:
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