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RTI - will it affect your business

RTI - will it affect your business
Richard Rowell
Written by Richard Rowell
Saturday, 01 September 2012 14:08

Categorically yes. From April 2013 with very exceptions HMRC must receive an electronically filed return of your employees and their pay details every time you pay them.

The process of filing that information, though cumbersome, is taken care of automatically through our payroll outsourcing service. However, each period filing is just part of the story.

Before you can adopt RTI you must go through a process called payroll alignment. Basically, this is the process whereby you need to match information you hold about employees with that held on HMRC's systems.

We can do this for you too. How complex that is depends on the quality of the payroll information we have on our files about your employees.

There are some quirks too. The name filed must be an employee's legal name, so no Bob instead or Robert or Liz instead of Elizabeth 

Additionally, there are some additional fields that HMRC will need that are new to the payroll process. These fields include contract hours per week and whether your employee has an irregular payment pattern or not

So the alignment process can be complex and depends on the quality of the data we hold for your employees.

To help cleanse the employee information we are launching an RTI centre on our award winning payroll portal at ePaysafe that will guide our business customers through the process of getting ready for RTI.

If you would like to find out more about RTI or our payroll outsourcing contact us on 03331 123456 or click here to get a payroll quote

Richard Rowell

Richard is the CEO of Dataplan Payroll Limited and is also responsible for the ideas and development of Dataplan's innovative technology solutions such as ePaysafe.

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