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News - 14 February 2013

RTI switchover HMRC latest

As is traditional at the turn of the tax year, HMRC schedules several days of downtime for its web gateway to update its mainframe computers with new rules, rates and functionality. Doing the work at another time would cost too much in extra contractors’ fees.

With Easter falling on 31 March, and millions of companies under orders to start filing their RTI submissions from 6 April, the potential for chaos and frustration is particularly acute in 2013.

HMRC and its contractors have undertaken to complete the job between 3-6 April. Therefore, nobody will be able to submit RTI returns until the overhaul is complete, and those already filing under the RTI pilot scheme will also be affected as the validation tests for 2013-14 will be different to the ones that are currently being applied.

Because 6 April falls on a Saturday, the HMRC technology has a day or two in reserve to complete the work before payroll people get into work on Monday the 8th.

Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“The requirements of RTI are to send data to HMRC “on/before” a payroll is run is carried out. So those who complete weekly payrolls in the new tax year won’t be able to file their RTI submissions before the HMRC system is ready to accept them.”

HMRC have emphasised that those employers who pay between the 1st and the 5th will not be required to start until the next regular payday (which could fall in May) and there are also to be no penalties for late/inaccurate RTI submissions to HMRC until 2014 (except for the final payment due each year, for which the penalty regime will be the same as the one currently operating for P35/P14).
 

If you are unsure and need any help and advice on PAYE, RTI and Tax Credits, or you need to keep abreast of changes in legislation and how it could impinge upon your business, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Great with People  Brilliant with Numbers Clear and Precise with Words
 

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