Farmers should gear up for Real Time Information

From April next year, employers will be legally required to submit all employee deductions every time they run payroll.

Employers currently need to submit an end of year return to HMRC with details of employee deductions, such as Income Tax and National Insurance contributions. This is all set to change as between April and October 2013, employers will need to do this every time they run payroll.

This is known as Real Time Information.

More on this topic

See our RTI guide for more guidance

Are you, like many other farms, missing out on tax claims for R&D?

If you’re a limited company, you could be eligible for tax credits if you’re carrying out R&D on your farm. For more information and to find out if you’re eligible visit our R&D tax credits page.

Find out more
See more