Download - Real Time Information (RTI)
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Real Time Information (RTI)
Crispin Taylor & Lis Moore
SLCC Advisory Service
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What is RTI?
• Biggest change to PAYE since 1944
• More frequent collection of tax and national insurance information (NIC)
• Includes details of all employees even those who earn below the tax & NIC thresholds
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When is it happening?
• April 2013 –October 2013
• HMRC notification of start date
• Get prepared now
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Why is it happening?
• Enable more efficient HMRC response to queries/errors
• Support the introduction of the Universal Credit (Oct 2013 onwards)
• Reduce fraud
• Provide Dept of Work & Pensions with up to date information for calculating benefits
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What will be submitted
• Employer Alignment Submission (EAS)
• Full Payment Summary (FPS)
• Employer Payment Summary (EPS)
• National Insurance Verification Request (NVR)
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The EAS
• Employer’s PAYE Ref• Accounts Office Ref• Tax Office Number• Employee Name & Address (full name not
nicknames, initials)• Employee Date of Birth• Employee NI Number• Employee Payroll ID• Employment Start Date
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The FPS
• Starter & leaver Information (no more P45 or P46)
• Employee Forename & Surname
• Employee NI Number, Tax Code & Gender
• Employee Address
• Employee Payment Information (Net Pay)
• PAYE & NIC Contributions
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The EPS
• Lets HMRC know about alterations to liabilities e.g SSP, SMP
• No payment due• NIC Compensation claimed• Advanced funding • CIS deductions• NIC holiday• If pay frequency is less than monthly the EPS
must still be submitted monthly
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The NVR
• Used by the employer to validate NI number
• Employees use a different form CA5403
• Employee Name
• Employee Date of Birth
• Employee Address
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How do I submit RTI?
• Payroll Software including HMRC Basic Tools
• Payroll Agent/Accountant
• No online submissions or web forms
• Alternative software suppliers listed on HMRC website
• If using HMRC Basic Tools – look out for update notifications/alerts
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Not monthly paid?
• Send FPS when staff are paid
• Send EPS within 14 days of the end of tax month i.e. 19th of month following every month – this tells HMRC that no payment is due for the month
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Other Issues
• If no clerk and no other employees submit an EPS to advise a “period of inactivity”
• Remember to tell HMRC if someone is a casual worker so they don’t assume that the employee has left
• Employees still get a P45 – HMRC doesn’t
• It won’t be an easy transition for employers or HMRC
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Help & Advice
• HMRC website www.hmrc.gov.uk/rti
• HMRC Employer Helpline 0845 7 143 143
• SLCC Briefing Advice Note
• SLCC Advisory Service is not qualified to advise on this and Regional Advisors will refer you back to HMRC