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How are SMEs coping with the RTI changes?Business Community Home > Finance and Tax Forum > Payroll and PAYE Forum |
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Original Message Added : 18 Aug 2012
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| Reply : 18 Aug 2012 |
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| Reply : 19 Aug 2012 Also the portal wont be available any longer, companies are going to be forced to use either software such as Sage or use the HMRC tools. Employers will still need to file the P11D. Employers will also need to ensure their data matches HMRC's. There is also irregular payments to deal with which didn't apply previously,as well as record the hours someone works. Maggie at HMRC thinks this will have a big knock on effect to the data held for WTC's and is likely to highlight some issues for a lot of people. There is also EPS to be submitted particularly for contractors. I think there will be errors thrown up by paying FPS and claiming EPS Also March is the date to submit for end of year, almost every employer we speak to isn't aware of this. So yes, it is straight forward, but you need to be aware a lot of employers don't have the time or money to go buying new software, or learning what they need to do, we are in a reccession and times are tough. We've picked up a couple of new clients whose accountants did their payroll. One was told not to worry, there is plenty of time to sort it out and couldn't answer a single question from the client on RTI and the other wanted to charge £25.00 per employee to sort out their payroll that the accountant operated anyway, with 27 employee's the bill would be £675.00 for something they should be doing anyway. You're right, this is a fairly straight forward thing to impliment and as well as the HMRC website having valuable information, if anyone has a question and we can help, then that's the purpose of this post. If anyone has any questions, please post here and we will be pleased to help. |
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| Reply : 20 Aug 2012 Only problem will be expalaining to Directors that each monthly payroll must be run on time and any benefits in kind payments must be full submitted to be incorporated therin. |
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| Reply : 20 Aug 2012 We have a number of clients who tend to leave payroll to the last minute despite our having a cut off to run payroll. With these companies, we have set up a number of reminders in our calendar to chase them, we also ask them to report hours as and when they get them which we add to a spreadsheet for the employee. Depending on the BIK, some of these will be standard, such as car, fuel, loan, equipment etc, we keep a spreadsheet of these as well as entering into the software. It will be more work for you, but you can automate the reminders and have a last reminder to give them a call as well as emailing them. Explain to them it's part of your job to protect them from any fall out by not complying with the new changes. We have spoken to HMRC at length on this and we are running a seminar in November. HMRC have indicated they will be lienient in the early days and if you explain what the likely consequences will be to the company this should make them see you are trying to help them. If we can be of help, please contact us or visit www.payrollservicescompany.co.uk Many thanks Jon |
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