• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

  • You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
  • You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
  • If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

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

Collapse

  • inniAccounts
    replied
    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).

    Leave a comment:


  • Sockpuppet
    replied
    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

    Leave a comment:


  • inniAccounts
    replied
    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).

    Leave a comment:


  • tractor
    replied
    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!

    Leave a comment:


  • LisaContractorUmbrella
    replied
    It comes as no suprise

    Leave a comment:


  • 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

Working...
X