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.