2 min read
Definition
Real Time Information (RTI) is the system requiring employers to report pay and deductions to HMRC on or before each payday, rather than once a year, through payroll software.
In plain terms
Every time you run payroll, you tell HMRC what you paid and deducted — in real time. It replaced the old annual return with reporting at each pay run.
Why it matters for your company
RTI compliance is essential: late or missing submissions attract penalties. Reliable payroll software and discipline every pay run keep you compliant — see setting up payroll.
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