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Tips on Real Time Information submissions

11 April 2018 / Linda Pullan
Issue: 4642 / Categories: Comment & Analysis
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Staying on top

KEY POINTS

  • Review payroll processes at the start of the tax year.
  • A full payment submission must be made whenever payment is made to employees.
  • Ensure the FPS is submitted on or before payday.
  • Eight top tips for RTI success.
  • Do not overlook the circumstances when an employer payment summary is required.
  • Late reporting codes and avoiding penalties.
  • Notifying change of company car details.

There are numerous steps that can be taken to ensure that Real Time Information (RTI) submissions to HMRC are accurate timely and will thereby avoid punitive penalties. Inevitably there have been problems in some areas and there are lessons to be learned but overall the process has been a resounding success with about 1.5 million employers...

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