14 March 2024

HM Revenue and Customs (HMRC) today has published a new technical consultation, which will require businesses to change the information they provide to HMRC through both Pay As You Earn (PAYE) Real Time Information (RTI) returns completed by employers, and Income Tax Self-Assessment returns.

For payroll professionals, whether working in-house or as a service provider, this means from April 2025, employers will be required to provide more detailed information on employees’ hours paid via RTI. This may mean a change in the data gathered from your or your clients’ employees, in order to meet the new reporting requirements.

HMRC has confirmed the measure will not come into force any earlier than the start of the tax year 2025 to 2026.

Keep an eye on your emails, as the policy team have already spoken to HMRC officials leading on this technical consultation, who’ve confirmed they wish to run think tanks with our full, fellow and Chartered members, to discuss the draft regulations in more detail.

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