2013-05-23 00:00:00 Accounting and Tax English https://djnx69zjp3mvw.cloudfront.net/wp-content/uploads/2017/01/08220222/rebecca-benneyworth.jpg For accounting professionals: RTI implementation essentials

For accounting professionals: RTI implementation essentials

1 min read

This is part of an RTI Implementation Essentials series – sign up for future webinars now.
Real Time Information (RTI) is now a reality for most UK businesses, but some are still struggling to make sense of the new rules and systems.

Intuit has teamed up with AccountingWEB tax editor and lecturer Rebecca Benneyworth to sort through the HMRC guidance and help accounting professionals and businesses deal with the new regime.

Our first whitepaper and webinar tackle the basic requirements, looking at:

Real Time Information– First steps

  • Commencement
  • First RTI submission
  • Software available
  • What BPT will do
  • What BPT will not do
  • PAYE online log in and activation
  • Employee records cleanse
  • Low paid staff not on the payroll
  • Checking employee data against HMRC’s records
  • Professional firms providing a bureau service

Real Time Information – Running the payroll for the first time

  • Running a payroll under RTI
  • Hours worked
  • Irregular payment indicator
  • Pay frequency
  • Date of payment
  • The “on or before” requirement
  • Relaxation of the “on or before” rule
  • Announcement on 19 March 2013
  • Annual schemes
  • Starters
  • Using the correct tax code and starter declaration for new employees
  • Nil payment return: EPS
  • Inactivity report: EPS

Get the whitepaper now

Watch the webinar:

This is part of an RTI Implementation Essentials series – sign up for future webinars now.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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