Simon Fowler navigates the Real-Time Information maze.
If a payroll manager hasn’t heard about the roll-out of Real-Time Information (RTI) by HM Revenue & Customs (HMRC), then they have clearly been sunning themselves on Saturn for the past few months. RTI is probably the biggest change to hit Pay As You Earn (PAYE) since it was introduced...
HM Revenue & Customs (HMRC) has conceded there is no statutory obligation to complete question six of the P35.
Keith Gordon received confirmation that the Income Tax (Pay As You Earn) Regulations 2003 do not require the section within part three of the form to be filled....
The first Real-Time Information (RTI) submission from Golden Gates Housing Trust has been successfully received and processed by HM Revenue & Customs (HMRC).
Along with support from Software for People and HMRC, the initial Employer Alignment Submission (EAS) was sent at 8am on 13...
Real-Time Information (RTI) should be phased in over a longer period of time, say nearly two in three companies.
NorthgateArinso research highlighted that many employers believe that HM Revenue & Customs (HMRC) is unprepared for RTI, with 32 per cent stating that not enough...
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HMRC fails to understand payroll practicalities
At the recent LexisNexis Payroll Year End Conference HM Revenue & Customs (HMRC) provided an update on Real-Time Information (RTI). Although there has been much progress, there are many technical considerations which appear to have been...
Lorraine Owens discusses the necessary steps following the end of the tax year.
The end of the tax year has been and gone again. You are by now, I hope, deeply involved in analysing your records and collating the information required to determine whether or not you need to organise P11Ds for any of your employees. I have heard, on many occasions, employers say “we do...
Do you have a burning payroll question?
Q In an attempt to prepare for the introduction of Real-Time Information (RTI), we have been looking at our in-house practices with the focus on how we store information on our systems. With this is mind, we have been reviewing the requirements listed under the specific data items for RTI. I note...
The first 10 employers have marked the start of the Real-Time Information (RTI) pilot by submitting their data to HM Revenue & Customs (HMRC).
David Gauke, Exchequer Secretary, has reiterated that the launch proves RTI is on track and that HMRC is “committed to a...
The announcement by HM Revenue & Customs (HMRC) that it plans to shut down its IT systems for almost a week during a critical time in the tax calendar has come under fire.
The Forum of Private Business has criticised HMRC for scheduling major upgrade work to its networks – including...
Employers are quietly optimistic about the introduction of Real-Time Information (RTI).
Ahead of the first submission, pilot companies are hopeful that the new process will not cause too many issues. However, there is acceptance that it will not be right first time.
During...
Linda Pullan outlines the implications of the Budget for the payroll and employee benefits industry.
Chancellor George Osborne delivered his second Budget on 21 March 2012. Although it contained several items affecting payroll and employee benefits, the main proposals are from 2013/14 and beyond (subject to Parliamentary approval).
There is one particular exception, however –...
As we move into the new tax year, before period 1’s payment can be processed you need to check that your payroll software does not require you to process tax year end first. Some packages require the user to copy 2011/12 files onto another machine until you are ready to process tax year end...
A consultation on late payment of Pay As You Earn (PAYE) and late filing penalties is to take place ahead of the main roll-out of Real-Time Information (RTI).
As part of the Budget 2012, it has been announced that the Government intends to investigate a new model for facilitating...
Employers are leaving the planning for Real-Time Information (RTI) “dangerously late”, according to KPMG.
Research by the firm has highlighted that two-thirds of companies have not started to prepare for the implementation of RTI, while 18 per cent said that they...
HMRC is taking steps to claw back more tax debts via tax codes. Jackie Cosh highlights what payroll professionals need to know.
For the vast majority tax debts are something read about in the press – stories of high-profile figures who appear to suddenly find themselves in great debt. For most, tax is paid on a regular basis, either through Pay As You Earn (PAYE) or self-assessment. However, the stories which don...
