HMRC Real Time Information (RTI) Payroll Changes HMRC Real Time Information (RTI) Payroll Changes
Page 1 of 3 123 LastLast
Posts 1 to 10 of 25
  1. #1

    Still gathering requirements...


    Join Date
    Jan 2010
    Posts
    24

    Default HMRC Real Time Information (RTI) Payroll Changes

    Hi All,

    Has anyone been notified by their accountant about the Revenue's changes to how PAYE information is reported.

    A copy and paste from the HMRC website -

    "In April 2013, employers must start sending PAYE information to HMRC in real time. This means sending details to HMRC every time you pay an employee, at the time you pay them.
    By providing this information in real time, HMRC will be able to tell you how much you should pay each month. This will make
    it easier for you to pay the right amount each time and help you to avoid making late payments and incurring penalties."


    This also applies to the Director wage.

    HM Revenue & Customs: Preparing to operate PAYE in real time

  2. #2

    Some things in Moderation

    cojak's Avatar
    Join Date
    Jul 2005
    Location
    Look to your right...
    Posts
    19,651

    Default

    Yes we have, thanks.

    PS. And if they suggest that you pay yourself an annual salary at the end of the financial year, fire their fat arses.

  3. #3

    Fingers like lightning


    Join Date
    Jan 2013
    Posts
    767

    Default

    Quote Originally Posted by cojak View Post
    Yes we have, thanks.

    PS. And if they suggest that you pay yourself an annual salary at the end of the financial year, fire their fat arses.
    Why?

  4. #4

    Still gathering requirements...


    Join Date
    Jan 2010
    Posts
    24

    Default

    Quote Originally Posted by cojak View Post
    Yes we have, thanks.

    PS. And if they suggest that you pay yourself an annual salary at the end of the financial year, fire their fat arses.
    He advised me to switch from weekly to monthly salary.

    SandyD - Under the new system, you need to report each salary to HMRC every time it is paid. If you pay yourself weekly wages, that would mean 52 submissions per year!
    Last edited by muser; 1st March 2013 at 16:46.

  5. #5

    Fingers like lightning


    Join Date
    Jan 2013
    Posts
    767

    Default

    Yes I was asking Jacko why should I fire an accountant who says I should pay the whole salary at the end of the year, sounds like a good way and less hassle

  6. #6

    Contractor Among Contractors


    Join Date
    Sep 2012
    Posts
    1,230

    Default

    Briefing pack for our clients went out yesterday to our clients.

    The advice we are working on is monthly, but asking clients to pay their salaries in last week of month.

    I suspect every accountant will have their own preferred way of doing things and the only certainty is there's going to be a learning curve

  7. #7

    Some things in Moderation

    cojak's Avatar
    Join Date
    Jul 2005
    Location
    Look to your right...
    Posts
    19,651

    Default

    If you don't need your salary that you've earned in the previous 12 months until the end of the financial year, that's OK Sandy.

    But I don't expect to do stuff to the detriment of my financial situation just to make their lives easier.

  8. #8

    My post count is Majestic

    northernladuk's Avatar
    Join Date
    Mar 2009
    Posts
    40,822

    Default

    Quote Originally Posted by SandyD View Post
    Yes I was asking Jacko why should I fire an accountant who says I should pay the whole salary at the end of the year, sounds like a good way and less hassle
    Let your salary sit in a 0% account for 12 months just because the accountants don't want the hassle. I really don't think so.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

  9. #9

    Contractor Among Contractors


    Join Date
    Sep 2012
    Posts
    1,230

    Default

    Quote Originally Posted by northernladuk View Post
    Let your salary sit in a 0% account for 12 months just because the accountants don't want the hassle. I really don't think so.
    Not really sure how much it saves anyway; even if you make no payroll payments, you still have to do a FPS submission under RTI to say there was no pay.

  10. #10

    Should post faster


    Join Date
    Jun 2009
    Posts
    169

    Default

    Had email from SJD and they are recommending an annual salary payment starting in March 2014. Not much use to me to have to wait until then for a salary I am more than entitled to.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •