What is Real Time Information? UK Definition 2026/27
Quick Answer
The PAYE system where employers report pay and deductions each pay run.
Definition of Real Time Information
Real Time Information (RTI) is the system where employers report PAYE information to HMRC each time they pay employees, rather than at year-end. Introduced in 2013, RTI provides HMRC with up-to-date information on earnings and deductions. It uses Full Payment Submissions (FPS) and Employer Payment Summaries (EPS).
Real Time Information — Key Facts for 2026/27
| Introduced | April 2013 |
| Submission | On or before each pay day |
| Main form | Full Payment Submission (FPS) |
| Corrections | Employer Payment Summary (EPS) |
How Real Time Information Works — Example
- 1Pay day: 25th of each month
- 2Run payroll: Calculate pay, tax, NI
- 3Submit FPS: On or before 25th
- 4HMRC receives: Real-time data
- 5Benefits: UC, tax credits updated automatically
How Real Time Information Affects Your Tax
RTI improved PAYE accuracy and enabled real-time benefit adjustments. However, it requires employers to maintain accurate payroll systems and submit on time. Late submissions can result in penalties.
Official HMRC Guidance on Real Time Information
For official guidance, refer to HMRC's documentation. Tax rules can change, so always verify current rates and thresholds on gov.uk.
HMRC: Real Time InformationFrequently Asked Questions about Real Time Information
Accuracy Note
This information is for guidance only and is based on 2026/27 tax year rates. Tax rules are complex and your circumstances may differ. For personal advice, consult a qualified accountant or tax adviser.