RTI
RTI Pilot Accepts More Volunteers
Monday, May 14th, 2012As we reported, the RTI pilot went live on 11 April 2012. Since this time, 10 volunteer employers have joined the pilot. Last week, HMRC confirmed that they had received 100,000 employee records from these 10 initial pilot employers. Stephen Banyard, Acting Director General for Personal Tax, said: ‘It is early days but all the [...]
Real Time Information Goes Live!
Sunday, April 15th, 2012I did wonder what was going on when I received the dramatic E-Mailed press statement on 11 April stating ‘The tax revolution starts’. Of course, this was announcing that the pilot of RTI was officially underway. David Gauke, Exchequer Secretary said: ‘RTI will remove the administrative burdens of £300 million a year from employers, mainly [...]
Revised RTI Regulations Published
Thursday, April 5th, 2012Back on 14 November last year, HMRC published draft Regulations relating to RTI. These outlined the employer’s obligations when they moved from being a ‘normal’ employer to an RTI-employer, i.e. one that is submitting data at or before the time the employee is paid under real time exchange. The Regulations are necessary for PAYE, NICs [...]
RTI – The Summary
Monday, March 19th, 2012Over the last few months, we have taken a step-by-step approach to the exciting new prospect in our payroll lives which is Real Time Information. This Newsletter leaves you with a summary of the submissions and some thoughts. We have covered all of the five submissions that we are going to have in our departments [...]
RTI – The Earlier Year Update (EYU)
Tuesday, March 13th, 2012We have covered four of the five RTI submissions in our Newsletters over the last few months: The Employer Alignment Submission (EAS) – the once-only submission designed to align HMRC’s National Payment System (NPS) with the personal details held in your payroll system The Full Payment Summary (FPS) – probably the main RTI submission made [...]
RTI – End of Year Processing
Monday, March 5th, 2012One of the concepts of RTI is the regular flow of information to HMRC in the form of the submissions. For most employers, this will be: The regular Full Payment Summary (FPS) at, or before, the net pay is paid to the employee, and The Employer Payment Summary (EPS), sent before the monthly or quarterly payment [...]
RTI Needs You (Still)!
Friday, February 24th, 2012HMRC’s Weekly Employer Update is an informal presentation based upon employer feedback and aimed at working with employers. Their 100th Update advised employers that there is still time to be part of the RTI pilot, for the tranche of pilot employers entering from November 2012. The benefits of entering before March 2013 include: No end-of [...]
RTI – The National Insurance Verification Request (NVR)
Friday, February 24th, 2012Over the last few weeks we have looked at three of the five submissions that employers may have to make under RTI. The first submission was the EAS (Employer Alignment Submission), designed to align the payroll system to HMRC’s master record. Then we looked at the FPS (Full Payment Submission) and the EPS (Employer Payment [...]
RTI – The Employer Payment Summary (EPS)
Monday, February 20th, 2012Two weeks ago, we concluded looking at the Full Payment Summary (FPS). This week, we look at the Employer Payment Summary (EPS). The FPS and EPS are likely to be the two most common RTI submissions that an employer is required to make. At the time the employees are paid, or before, RTI requires the [...]
RTI – Dump the Dummies
Friday, February 17th, 2012This is not the usual video that I imagine is requested often on YouTube. HMRC have produced an 11 minute video which gives examples of inaccurate information held by payroll and HR systems and the possible implications. They give some frightening examples of the bad data that we are sending them, for example: A recent [...]
RTI – U-Turn re The Leavers’ Statement
Friday, February 17th, 2012In January of this year, we discussed the issue of HMRC’s Starters and Leavers Scenarios document which proposed the abolition of both the P45 and the P46. The P45 was to be replaced with an undefined format Leaver Statement, issued to leavers from an RTI employer – i.e. an employer who was live on RTI. [...]
RTI – The Full Payment Submission (FPS) Part 2
Friday, February 3rd, 2012Last week, in Part 1, we started to look at the role of the FPS in the RTI cycle. We advised that the FPS may be used for the purposes of Payroll Alignment when there is no requirement for the employer to submit an EAS. If used this way, the first FPS must show every [...]
RTI – The Full Payment Submission (FPS) Part 1
Saturday, January 28th, 2012Last week, we advised that there will be five types of submissions, though employers, or bureaus if the payroll is outsourced, may not be required to make all of them: Employer Alignment Submission (EAS) Full Payment Submission (FPS) Employer Payment Summary (EPS) National Insurance Verification Request (NVR) Earlier Year Update (EYU) We concentrated on the [...]
RTI – The Employer Alignment Submission (EAS)
Saturday, January 21st, 2012We are now looking at the data that will be contained in the RTI submissions to HMRC. As a reminder, there are five types of submissions that RTI Employers can be required to make. If the payroll is outsourced, say to a payroll bureau, they may make these on the employer’s behalf. Note that not [...]
RTI – The Submission Types
Friday, January 13th, 2012We are continuing to look at ‘RTI – The What’ in this Newsletter, starting to focus on exactly what information will be contained in the RTI submissions themselves. However, it is necessary to say, again, that RTI does not change the fundamentals of payroll processing. All activities that are currently performed, i.e. calculating and deducting [...]
RTI – The P45 and the P46
Friday, January 6th, 2012Before Christmas, we started to look at the information that RTI would require us to submit as and when we pay our employees. We have been side-tracked a little this week by an important issue that will involve a change to the way that we work – the issue of processing the P45 and P46 [...]
RTI – Improving Data Quality
Friday, December 16th, 2011Last week, we started to address the issue of actually what data will be included in the RTI submission that we will be required to send. With most of the other questions either answered or being addressed, this seemed to be the final piece of the puzzle. The Data Improvement Project (DIP) had been started [...]
RTI – The ‘What?’
Saturday, December 10th, 2011We have focused on the very brief history of RTI, covering the topic from the time that it was first discussed up to the publication of draft regulations and the call for more pilot employers last month. Much of this information has been for information purposes only, ensuring that we know the answers to: Question [...]
RTI – Summary
Saturday, November 26th, 2011Over the last few weeks, we have taken a journey right back to the time before RTI even had its name. Just before we are brought totally up-to-date, it is worth pausing, reflecting and summarising. The exchange of data in real time is such a change for us and, as such, it is so important [...]
RTI Needs You!
Wednesday, November 23rd, 2011As part of the move to Universal Credits, the DWP require a database of 25% of employers on which to test their system, to be live in October 2013. This 25% employer pool is required by April 2013. It was no surprise; therefore, that HMRC announced on 23 November 2011 that it is extending its [...]
