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RTI annual scheme "fixed"

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    RTI annual scheme "fixed"

    Not sure when this was announced but I haven't seen it mentioned here yet.

    For those who prefer to pay themselves annually, there is (once again) an alternative to monthly 'nil' RTI submissions:

    We have received a number of requests since April from employers, asking that we change the status of their PAYE schemes to annual. We were unable to deal with these requests until we put a fix in place.

    That fix is now in place. We will accept all the requests that have been made and change those schemes to annual.
    ...

    Once a business is registered as an annual scheme, an Employer Payment Summary (EPS) is not required for the 11 months of the tax year where no payments are made to the employees.
    Linky: HM Revenue & Customs: Real Time Information and annual schemes

    Companies already on the annual scheme before HMRC decided to stop accepting new requests remain unaffected.

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