HMRC release a reminder of PAYE payment position for RTI

As we have mentioned in previous posts, Real Time Information should be the norm for most businesses now but many are still struggling to achieve compliance. There are still a large number of businesses who are not using payroll software to submit PAYE records in real time.

HMRC have released a statement saying that they “appreciate that many employers are still getting used to this new way of reporting” and have provided a reminder of the PAYE payment position for reporting complying with RTI. The following are some of the key points to be taken from the announcement.

Due dates for payments to HMRC remain unchanged. Cheques need to be received by the 19th of the month following the end of the tax month and electronic payments need to be received and cleared by the 22nd.

If you were meant to start complying with RTI from 6 April and haven’t made any payments to HMRC before 19 June, you will be sent an estimated charge which you need to pay in full. This ‘specified charge’ will be sent for each month that you fail to make RTI submissions.

If you submit an FPS or EPS within seven days of the specified charge, your submission will overwrite the specified charge.

Have you successfully made the switch to RTI or are you one of the 600,000 non-compliant PAYE schemes? If you are still struggling to comply, why not look at our free payroll software? IRIS Payroll Basics is fully RTI ready and is perfect for businesses with fewer than 10 employees.

Stephanie Coward

Managing Director, HCM

Stephanie Coward is Managing Director for HCM at IRIS, where she leads the strategy, innovation and growth of the organisation’s HR and payroll portfolio. She is responsible for positioning IRIS as a trusted partner to HR professionals and ensuring its solutions support the evolving needs of modern workforces.

With more than 25 years’ experience in the technology sector, Stephanie brings deep commercial and operational expertise, with a passion for improving the employee experience through technology.

Stephanie is committed to advancing IRIS’ HCM offering and helping organisations build more resilient, empowered workforces.