Have you missed a deadline for reporting PAYE information?
The law changed on 6 April 2013 so that employers with PAYE schemes are required to send PAYE information to HMRC in real time (often referred to as RTI - 'Real Time Information'). This means that you (or your accountant, bookkeeper or payroll bureau) must:
- send details to HMRC every time you pay an employee, at the time you pay them.
- use payroll software to send this information electronically as part of your routine payroll process.
RTI reporting tells HMRC how much you should be paying to them each month, which should make it easier for you to pay the correct amount each time and to avoid late payments and penalties.
If your PAYE scheme has closed or is no longer operating then you should inform HMRC immediately to tell them so - ( call HMRC on 0300 200 3200 or see Informing HMRC that you no longer operate PAYE for more details). Otherwise you need to start reporting your PAYE in real time immediately.
How to report in real time
Payroll Manager from Moneysoft is an HMRC recognised payroll software package aimed at small businesses, and has been designed to make compliance with the new RTI system simple and straightforward. Each pay period you simply enter the pay for each of your employees - Payroll Manager calculates the PAYE Tax and National Insurance due and produces a report which can be filed electronically to HMRC to satisfy your RTI filing obligations. It also allows you to print payslips, calculate sick pay, and track holidays, along with a whole host of other features.
Act Now!
Download a free, FREE trial of Payroll Manager (with no registration required), and find out why more than 50,000 UK employers use Moneysoft to calculate and file their PAYE RTI returns. Your FREE trial includes an easy-to-follow 'Quick Start Guide' along with FREE telephone and email support should you require help when setting the system up.
Payroll Manager is very competitively priced, with annual licences starting from just £58.00 + VAT per year..
We think that Payroll Manager is just about the easiest and best value for money PAYE RTI software around - but don't take our word for it - please see our RTI payroll software reviews to see what our current users are saying about Payroll Manager.