Since the introduction of Real Time Information (RTI) for PAYE in April 2013, HMRC have allowed a large amount of leeway for late submission of weekly, fortnightly, 4 weekly and monthly reports of payroll information.
With the introduction of RTI the payroll year-end procedure has changed, slightly.
Part of RTI meant that the year-end procedure has been stretched throughout the year, instead of making one P35 submission and P14’s submission before the 19th of May. Full Payment submissions and Employer Payment submissions must be made throughout the year.
I am being careful not to suggest that every Payroll Outsourcing Company had the same preparation process prior to April 6th 2013. I am being careful when I suggest that some provider’s preparation process was little more than waiting for the date with apprehension armed with a HMRC helpline number set to speed dial. I can say with the utmost confidence that Dataplan Payroll Limited were ‘RTI Ready’.
HMRC's launched their new RTI system on 5th April and after a few technical niggles, primarily around filing of information for 2012/13 all seems to be progressing smoothly.
We have transferred our 1000+ clients or "on boarding" as the process is known. This has been through a process of submitting an Employee Alignment Submission (EAS) for every customer. And we have now completed a significant number of Full Payment Submissions (FPS) without a hitch.
Launching on 6 April the penalty regime for late and inaccurate returns have been published by HMRC.
HMRC have confirmed that they will give most employers 12 months to get to the new real time reporting regime before they implement the new penalties.