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rti if there is only P11ds!

Just come across this and wonder if anyone has any thoughts!

Director is only employee. He is paid £3000 a year, but will need p11d

Looking at this, a PAYE scheme is required, and so nil fps will be done each month!

Anymore thoughts!

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24th Feb 2013 12:09

Not quite

Does he pay himself £250 a month or £3,000 once a year or some other variation on the theme?

The company will have to file a proper FPS - not a nil one - for every month in which he is actually paid and a nil EPS - not an FPS - for every month in which he is not paid.

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24th Feb 2013 15:25

Euan is right

Once you have to do a payroll you have to do everything not only what was the tipping point.

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He gets £1000 in one month,

He gets £1000 in one month, the nothing in other months.

 

But even if he got no pay, we would still need a PAYE scheme for benefits in kind..

 

It is my understanding that RTI would apply, even in this case with no pay due to the P11'ds!

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24th Feb 2013 16:16

£1,000 or £3,000?

which is it?

the PAYE scheme might be needed due to the P11D but you have to deal with all the payroll not just P11Ds.

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24th Feb 2013 19:41

are we all agreed that if there is no pay

but benefits, say BIK loan interest, then the company must setup a payroll scheme for RTI

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25th Feb 2013 10:07

Not exactly

carnmores wrote:

are we all agreed that if there is no pay

but benefits, say BIK loan interest, then the company must setup a payroll scheme for RTI

I believe that:

if there are reportable BIKs, you must have a PAYE schemeif you have a PAYE scheme, you must operate RTI from April 2013under RTI, you must file by internet every monthfor months in which any payment is made, it must be a FPS and for months in which no payment is made, it must be a (nil) EPS.

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25th Feb 2013 11:17

thanks Euan
That's a YES. We will file the BIK in month 12 rather than every month?

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25th Feb 2013 11:48

P11Ds

BIKs are not reported under RTI.  They are reported quite separately, as before, on forms P11D by 19th July (or is it the 5th?) following the end of the tax year.  See What will not change.

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25th Feb 2013 16:01

Bizarrely ...

...... it's neither the 5th nor the 19th but the 6th.

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26th Feb 2013 10:54

@Euan

if we report P11d s as normal we will then need a PAYE scheme , yes?

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26th Feb 2013 11:51

Yes - you'll need a PAYE reference to fill in the forms, if nothing else.

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