P46
RTI and why you need to know about it. - 06 April 2011
If you haven't heard of it yet the chances are that you will be affected by it soon. RTI or real time information is HMRC's new system for exchanging live information about your employment details and will interact directly with you payroll providers software.
In theory the RTI system promises many benefits including an end to the current P45's P46's, tax code updates and year end P35's. In a way it is a natural extension to the in-year filing system already in place.
However, it isn’t all good news.
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