RTI: reporting, payments and penalties  

HMRC has highlighted information that is now required for submissions

Just as the penalty regime commences, new information will need to be added to payroll submissions.

HMRC has highlighted the following:

  • a 'late reporting reason' that can be entered on a full payment submission (FPS) that's late
  • being able to make your first 2014-15 PAYE submission any time after 6 March 2014
  • providing bank account details on an employer payment summary (EPS) to get quicker repayments
  • new fields on an earlier year update (EYU) you're completing for 2013-14
  • a new online appeals facility being introduced in 2014-15
  • more about what counts as a reasonable excuse if you don't report on time
  • updated guidance for employers exempt from filing or unable to file online

You can find more about the legislative changes, FPS and EPS submissions, why scheme contracted-out numbers are required and what to do if you don’t have the scheme number, how the employment allowance will be claimed and other RTI updates in the 'Related links' section on this page.   

You may wish to join other accountants expressing views and considering solutions to filing and payment problems, such as the use of BACS, via the 'PayeRti.org website; this can be also accessed from the 'Related links' section.