• April 2018

    FriSatSunMonTueWedThuTax week
    --1   2   3   4   5   52
    6   7   8   9   1011121
    131415161718192
    202122232425263
    27282930---4
    • 6th - Start of 2018-2019 tax year
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 2nd - Easter Monday (E,W,NI)
  • May 2018

    FriSatSunMonTueWedThuTax week
    ----1   2   3   4
    4   5   6   7   8   9   105
    111213141516176
    181920212223247
    252627282930318
    • 7th - May Bank Holiday (E,W,NI,S)
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 28th - Spring Bank Holiday (E,W,NI,S)
    • 31st - Employee P60s due
  • June 2018

    FriSatSunMonTueWedThuTax week
    1   2   3   4   5   6   7   9
    8   9   101112131410
    1516171819202111
    2223242526272812
    2930-----13
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
  • July 2018

    FriSatSunMonTueWedThuTax week
    --1   2   3   4   5   13
    6   7   8   9   10111214
    1314151617181915
    2021222324252616
    2728293031--17
    • 6th - Forms P11D, P11D(b) and P9D due
    • 6th - Form 42 Due
    • 12th - Battle of the Boyne - Bank Holiday (NI)
    • 19th - HMRC cheque payments due
    • 19th - Payment of 2017/18 Class 1A NIC due
    • 22nd - HMRC BACS payments due
    • 31st - Payment of 2017/18 Class 2 NIC due
  • August 2018

    FriSatSunMonTueWedThuTax week
    -----1   2   17
    3   4   5   6   7   8   9   18
    1011121314151619
    1718192021222320
    2425262728293021
    31------22
    • 6th - Summer Bank Holiday (S)
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 27th - Summer Bank Holiday (E,W,NI)
  • September 2018

    FriSatSunMonTueWedThuTax week
    -1   2   3   4   5   6   22
    7   8   9   1011121323
    1415161718192024
    2122232425262725
    282930----26
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
  • October 2018

    FriSatSunMonTueWedThuTax week
    ---1   2   3   4   26
    5   6   7   8   9   101127
    1213141516171828
    1920212223242529
    262728293031-30
    • 5th - Personal Income Tax Statement
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 31st - Paper Self Assessment Tax Return Deadline
  • November 2018

    FriSatSunMonTueWedThuTax week
    ------1   30
    2   3   4   5   6   7   8   31
    9   10111213141532
    1617181920212233
    2324252627282934
    30------35
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 30th - St. Andrew's Day (S)
  • December 2018

    FriSatSunMonTueWedThuTax week
    -1   2   3   4   5   6   35
    7   8   9   1011121336
    1415161718192037
    2122232425262738
    28293031---39
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 25th - Christmas Day
    • 26th - Boxing Day
  • January 2019

    FriSatSunMonTueWedThuTax week
    ----1   2   3   39
    4   5   6   7   8   9   1040
    1112131415161741
    1819202122232442
    2526272829303143
    • 1st - New Year's Day
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 31st - Online Self Assessment Tax Return Due
  • February 2019

    FriSatSunMonTueWedThuTax week
    1   2   3   4   5   6   7   44
    8   9   101112131445
    1516171819202146
    2223242526272847
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
  • March 2019

    FriSatSunMonTueWedThuTax week
    1   2   3   4   5   6   7   48
    8   9   101112131449
    1516171819202150
    2223242526272851
    293031----52
    • 17th - St. Patrick's Day (NI)
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
UK Tax Week

   07 Dec - 13 Dec

63

 

Introduction to Real Time Information

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Summary

Real Time Information (RTI) is an H.M. Revenue and Customs (HMRC) programme which will replace the current Pay As You Earn (PAYE) system in April 2013. The aim is to simplify employers' and HMRC's own operations and to provide employees with information more quickly. Throughout 2012 Sargent-Disc worked with HMRC on a twelve month RTI pilot, and has now produced an Introduction to Real Time Information to demystify the process.

Tagged: Payroll, Production Accounting, SD Online, Corporate, Services

Introduction to Real Time Information

What is Real Time Information?


Real Time Information (RTI) is an H.M. Revenue and Customs (HMRC) programme designed to improve the operation of Pay As You Earn (PAYE). A single integrated real time process, will in April 2013 replace separate end of year, P45/P46 and payment procedures.

HMRC has developed RTI with the aim of simplifying employers' and its own operations and to provide employees with information more quickly. The reliance of RTI on accurate data, combined with HMRC's strategy for data cleansing should also improve the quality of individual records maintained by HMRC, reducing the risk of individuals being taxed incorrectly.

RTI Pilot: April 2012 - March 2013


HMRC invited Sargent-Disc (SD) and a cross section of software developers and employers to work with them on a twelve month RTI Pilot which began in April 2012.

What are the Changes?


The fundamentals of PAYE such as the use of codes, employer deduction of tax and National Insurance remain unchanged. However RTI does change how and when employers and pension providers report, in three key ways:

1) PAYE information will be delivered to HMRC online by the employer/pension provider when or before the payroll is run - sharing information on tax, National Insurance Contributions and other deductions on a weekly or monthly basis.

2) The year end returns process for completing forms P14 and P35 will disappear.

3) P45 will still be given to employees, however to simplify administration associated with starters and leavers the P45 and P46 forms will be contained within the Full Payment Submission (FPS)

Employers will be required to file a Full Payment Submission online with details of all the employees being paid - in the same way they submit forms to HMRC now via EDI or the Government gateway. The FPS will contain pay period and year to date figures, details of starters and leavers and new data sets such as 'hours worked'.

Employers will continue to provide to their employees, a P60 and form P11D (expenses and benefits in Kind).


12_RTI-Diagram

The Transition to RTI


The transition to RTI reporting requires a first Full Payment Submission (first FPS). The first FPS must include every individual employed since the start of the tax year to achieve Payroll Alignment. This will therefore also include staff that have either left or not been paid during the period. The key difference between the first FPS and all subsequent FPS submissions is that the latter will generally only provide information for employees who have actually been paid in the period.

Due to the additional complexity of Payroll Alignment for larger PAYE Schemes, HMRC will be separating the processing of Payroll Alignment and payment information. Employers with PAYE Schemes covering more than 250 employees will also need to complete an Employer Alignment Submission (EAS) - a process specifically designed for Payroll Alignment, before despatch of the FFPS.

The EAS is designed to enable HMRC to align data for individual PAYE Schemes. HMRC will compare the data with the information they hold on the National Insurance and PAYE Service (NPS). Where differences emerge, HMRC's records will be updated to reflect the information held by the employer.

Improving data quality is important preparation for a successful transition to RTI. Over 80% of data quality problems are caused by holding incorrect information about a persons Name, Date of Birth or National Insurance Number.



HMRC has recently produced a YouTube video aimed at employers, giving them advice on how they can get this information right.

RTI Pilot: Sargent-Disc


Sargent-Disc is already developing RTI software systems and during the RTI pilot April 2012 to March 2013, Sargent-Disc will be:

Testing the integration between Sargent-Disc's systems and HMRC

Reporting on the time resource involved in submitting RTI and any risks or issues involved in its preparation

Reviewing the clarity of HMRC's RTI communication

Checking that the Bureau/Shared Service, agent arrangements work well

Feeding back to HMRC on Payroll Alignment and data quality issues

Providing the evidence base for effective RTI business and PAYE processes

How will our clients benefit?


Clients will benefit from the RTI systems Sargent-Discs developing in close liaison with HMRC's developers and which will provide clients with a smooth transition to RTI and the opportunity to be. early RTI adopters.

Further information


There is a wealth of support material about improving payroll data for RTI on the HMRC Website , which includes downloads aimed at individuals and information for employers using RTI. There is also further information about Real Time Information and a webinar with more general information about RTI for employers.

Sargent-Disc's payroll service


Sargent-Disc's payroll service enables companies to focus on their core business, control costs and benefit from Sargent Disc's knowledge base and expertise.

For further information about RTI contact us>

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