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RTI SOFTWARE UPGRADE COSTS
26 November 2012
Payroll Alliance has been receiving reports of employers incurring large costs as a result of Real Time Information and would like to gather as much information about the different costs and feed back to HMRC. Payroll Alliance approached the CIPP to work with them on this issue to obtain CIPP member feedback to feed into the results, and support their submission to HMRC. Jointly, we wish to obtain feedback from employers about the sort of additional costs being incurred, HMRC’s intention is that RTI should reduce costs for employers in the long run. However, Payroll Alliance has been advised some employers are looking at additional costs to upgrade their BACS software of between £1,000 and £55,000 . The CIPP would be grateful if you could complete this short survey , whereby all feedback will be anonymous. Both Payroll Alliance and the CIPP will publish the findings after the survey closes which is the 6 December 2012. Thank you in advance for your help.
REAL TIME INFORMATION GUIDANCE ON PENALTIES FOR 2012/13 AND 2013/14
29 November 2012
HMRC has now published guidance on late and inaccurate returns for 2012-13 and 2013-14.
Following consultation, the guidance sets out the following for employers operating PAYE in real time.
Penalties for late returns 2012-13 and 2013-14
There will be no change to the penalties for late filing of returns for the tax years 2012-13 and 2013-14. The current penalty regime will continue to apply at the tax year end. There will be no penalties if in-year Full Payment Submissions (FPSs) are submitted late. Employers and pension providers must submit an FPS 'on or before' they pay an employee or pensioner. If they still have information to send after 5 April, they can send this on an FPS until 19 April, then on an Earlier Year Update after that. To avoid a late filing penalty for 2012-13 and 2013-14, they must report the final payment made to an employee or pensioner by 19 May following the end of the relevant tax year. 2012-13: For the tax year 2012-13, HMRC will not charge penalties for inaccuracies identified on in-year FPS. But penalties may be charged after the end of the tax year, based on the final FPS for the year. 2013-14: Penalties for inaccuracies may apply to in-year returns from the 2013-14 tax year. HMRC will use the same considerations which apply now under Schedule 24, Finance Act 2007 and continue to use a risk-based approach to identify employers who may be submitting incorrect returns. Penalties for inaccurate returns 2012-13 and 2013-14
Guidance is published in the guide ' What happens if you don’t report payroll information on time ’
CIPP Policy News Journal
12/04/2013, Page 201 of 362
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