Real Time Information (rti)
Leavers Leaving dates (the date that contract ends or the date of last payment if that is more than 30 days after the contract end date) are supplied on the FPS and a P45 provided to the payee as now. If HMRC does abolish the P45 form there is every likelihood that a replacement “leaving certificate” will replace it, meaning that in practical terms things will not change, except that there will be no requirement for the certificate to be supplied to the new employer. Year End The provision of a P60 and submission of P11Ds (and P9Ds prior to April 2016) remains unchanged. The scheme must also be ‘closed down’ for the year by 19th April by submitting a ‘final file’ declaration. This is done within payroll software on either the last FPS for the tax year or on an EPS if no payments are to be made in month 12. Any YTD corrections to be made after that time must be supplied on an Earlier Year Update file (similar to a P14 adjustment) for employee level corrections and an EPS, for the appropriate tax year, for employer level corrections. Ideally both of these should be received by HMRC by 19th May. COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS Generic Notification Service (GNS) These messages are sent to schemes as an ‘early warning’ of a potential penalty situation and began to be rolled out late in 2103 but were then suspended as the messages were incorrectly targeted. They were relaunched in 2014. The aim is to be able to provide an electronic warning to the scheme that: • They have not filed a return at all for the tax month (either a Nil EPs or Nil FPS) • That have not filed as many returns for the month as HMRC expected • They have filed an FPS after the date of payment of at least one record in the FPS • They have not paid their remittance in full and on time • GNS notices are also being used to advise employers of student loan issues however some doubt remains as to the legal nature of such notices. Incorrect return penalties levied for failure to take reasonable care when submitting any FPS within the tax year. The penalty percentage of between 30% and 70% of the ‘potential lost revenue’ depends upon the behaviour of the employer that led to the error. • Late filing at year end (19th May for the last time for 13/14 even though files must be received by 19th April) incurs a penalty of £100 per 50 employees for each month or part- month that the return is outstanding. • The surcharge levied at year end for failing to pay in full and on time after one un-penalised default. The level of the surcharge is as below in the table headed ‘late payment penalty’. No printing, copying or reproduction permitted. Penalties Existing PAYE penalties continue for 2014/15 and new ones are introduced as follows: Existing penalties: • New penalties: • Daily interest for late payment (introduced from April 2014) will be calculated on any outstanding debt and levied when the payment is finally made. • Late filing of FPS in-year (introduced in October 2014 for employers with 51 or more
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