Top tips for processing payroll

Payroll processing is a hugely important part of any business and has recently become even more so, with the introduction of Real Time Information (RTI).  As the name suggests, RTI requires employers to send information to HMRC on a real time basis, which means that each time you make a payment to an employee, you need to let HMRC know.  …

Annual PAYE schemes

Real Time Information or RTI has now come into effect for nearly all employers. What this means is that the employers affected are required to report payroll information to HMRC when, or before employees are paid.  The vast majority of businesses are likely to pay their employees on a weekly or monthly basis, but for those businesses who pay their …

Penalties under RTI

While Real Time Information (RTI) may currently look like an administrative mountain looming ahead of you, once you have everything up and running for RTI, there should be no real reason to worry about penalties. That said, delays and errors do happen, particularly at the start of any new regime, so it’s well worth knowing what lies ahead should you …

Preparing your payroll data for Real Time Information

Under Real Time Information, due to be phased in over the next couple of years, the details you give to HM Revenue & Customs (HMRC) each time you pay your employees will be checked against HMRC records and stored on their National Insurance and PAYE Service (NPS). If the information you submit does not match, you could trigger the creation …

Preparing for RTI

With the planned implementation of Real Time Information (RTI) in 2013, HM Revenue & Customs (HMRC) are spreading the message to employers saying that it is now more important than ever to ensure employee details are recorded accurately. They say that it is important to always make sure any information that you send HMRC is correct, to help ensure that …

Real Time Information

In July 2010 HM Revenue & Customs (HMRC) published a discussion paper titled “Improving the Operation of Pay As You Earn (PAYE)”. This focussed on improving the timeliness of the transmission of information to HMRC as a way of reducing costs for both employers and HMRC and for improving customer service to bothe employers and employees. The paper introduced the …