2 May 2013
HMRC has published news that one million PAYE schemes have now begun to submit PAYE information in real time.
Ruth Owen, HMRC’s Director General Personal Tax, said:
“RTI is bringing PAYE into the 21st century, and it is amazing that we have reached the one million mark in less than a month. This is at the top end of our expectations. However, we’re not complacent and are carefully monitoring submissions, but so far things are going well. “We have had lots of feedback from many employers saying that RTI is easy to use. We know it will take time before all employers adapt to RTI, but any who haven’t started reporting in real time should do so quickly. All the help they need is on HMRC’s website.” The CIPP had no doubts at all that the payroll industry would pull out all of the stops to ensure that the migration to real time would go as smoothly as possible for our employers and whilst it is still early days in this “year of transition” we are pleased that so few problems have been encountered so far. Well done to the many, many individuals working in all areas of our industry that have worked, and continue to work, so hard to ensure the success of this project. There is still work to do and answers to be provided before we can sit back and truly say “job done - business as normal” but what an encouraging start! Let us hope that the roll out of Universal Credits can claim the same success going forward….. CIPP are still running a ½ day RTI course aimed at ensuring that delegates go away from it: Fully conversant with the changes affecting payroll and the timescale for the change Understand the processes required in operating RTI and the necessary procedures for retrospective corrections RTI for those employers wanting to ensure they are totally on the ball!
PAYING HMRC CORRECTLY IN REAL TIME
17 May 2013
It’s hard to believe but already we are approaching the payment deadlines for tax month one. In view of this HMRC has published an update on how to ensure you continue to pay the correct amounts.
The update reminds us, if a reminder is needed, that due dates for payment remain unchanged.
Cheque payments need to be received by HMRC by the 19th of the month following the end of the tax month of deduction, and cleared electronic payments by the 22nd. This means if you pay monthly, HMRC should receive the PAYE you deducted between 6 April and 5 May 2013 by 19 or 22 May 2013 depending on your method of payment.
To calculate the payment in full you must include:
the total amount shown on your Full Payment Submission(s) (FPS) for a tax month, including any corrections or adjustments submitted on or before the 19th of the following month less the amount shown on any Employer Payment Summary (EPS), also submitted on or before the 19th of the following month
CIPP Policy News Journal
16/04/2014, Page 330 of 519
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