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HMRC stopping employers moving to annual PAYE (to cut RTI submissions)

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    HMRC stopping employers moving to annual PAYE (to cut RTI submissions)

    HMRC have just published a news bulletin related to annual PAYE schemes. It would appear they've had an influx of employers looking to move to annual PAYE and they can't cope with the demand. (With annual PAYE you only need to make one RTI submission instead of the minimum of twelve for other pay intervals, so it's an easy way to cut submissions for one man companies.)

    Therefore they're now no longer allowing employers move to annual PAYE schemes. It's just a temporary measure but if you were planning on using annual PAYE as your RTI get out of jail free card then I'm afraid you need to think again...

    Remember you need to get your first RTI submission in by 19th May.

    Details:
    HM Revenue & Customs: Real Time Information and annual schemes
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    #2
    It comes as no suprise
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      #3
      Originally posted by inniAccounts View Post
      HMRC have just published a news bulletin related to annual PAYE schemes. It would appear they've had an influx of employers looking to move to annual PAYE and they can't cope with the demand. (With annual PAYE you only need to make one RTI submission instead of the minimum of twelve for other pay intervals, so it's an easy way to cut submissions for one man companies.)

      Therefore they're now no longer allowing employers move to annual PAYE schemes. It's just a temporary measure but if you were planning on using annual PAYE as your RTI get out of jail free card then I'm afraid you need to think again...

      Remember you need to get your first RTI submission in by 19th May.

      Details:
      HM Revenue & Customs: Real Time Information and annual schemes
      If they cannot cope with annual submissions, how the hell were they going to cope with weekly or monthly?

      This is more about they don't want people submitting annually!

      Comment


        #4
        I suspect it's a lack of capacity to handle the transition to annual, as they're also preventing people changing their PAYE payment interval too (e.g. from monthly to quarterly).
        Insightful accountancy for contractors | Find us on Facebook | Follow @inniaccounts

        Comment


          #5
          Originally posted by inniAccounts View Post
          HMRC have just published a news bulletin related to annual PAYE schemes. It would appear they've had an influx of employers looking to move to annual PAYE and they can't cope with the demand. (With annual PAYE you only need to make one RTI submission instead of the minimum of twelve for other pay intervals, so it's an easy way to cut submissions for one man companies.)

          Therefore they're now no longer allowing employers move to annual PAYE schemes. It's just a temporary measure but if you were planning on using annual PAYE as your RTI get out of jail free card then I'm afraid you need to think again...

          Remember you need to get your first RTI submission in by 19th May.

          Details:
          HM Revenue & Customs: Real Time Information and annual schemes
          Probably worth clarifying that if by the 19th If you don't pay anything by the 5th if your going to pay something in the first period

          Comment


            #6
            Originally posted by Sockpuppet View Post
            Probably worth clarifying that if by the 19th If you don't pay anything by the 5th if your going to pay something in the first period
            Yup, for clarity:

            3rd May (tomorrow): If you've paid someone 6th April - 5th May
            It's the 3rd this month as it's the last banking day before the 5th, and you're not allowed to run payroll on a non-banking day. This is the deadline to submit an FPS for anyone paid 6th April - 5th May.

            19th May: If you're not paying anyone 6th April - 5th May
            This is the deadline to send an EPS - which, amongst many things, is used to tell the revenue you're not paying anyone in the period.

            I suspect if you don't make a submission you'll get a letter from HMRC, in the same way you used to get a firm reminder if you forgot to make your monthly / quarterly PAYE payment, or file a nil return. (BTW, nil returns are a thing of the past, it's an FPS/EPS or bust).
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