More RTI qoes

Hi all

The issue of RTI with directors taking 12 x 624 seems to be well trodden ground on Any Answers at the moment.  However my firm takes a different approach.  I tend to tell my clients to pay themselves one payment of £7,488 p.a. rather than taking a monthly salary.  Just means that I have to run the payroll once a year rather than 12 times a year (seems a no-brainer).

My payroll software currently does not allow annual pay periods.  To fudge it we have up to now run the payroll in month 12 in order to get the correct deductions (i.e. nil).  RTI will thwart this fudging, so if I run the annual payment of £7,488 in September, I will need to report it under RTI but the software will not calculate the correct deductions.

The question is what payroll products are out there that permit annual pay periods?

 

 

 

Comments
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it's currently possible

mr. mischief |
mr. mischief's picture

12Pay does it

TomMcClelland |
TomMcClelland's picture

.

ireallyshouldknowthisbut |

Wrong, you don't need to be a director

TomMcClelland |
TomMcClelland's picture

.

ireallyshouldknowthisbut |

PAYE, too.

TomMcClelland |
TomMcClelland's picture

Annual PAYE

lmr |

Non-directors NI...

TomMcClelland |
TomMcClelland's picture

Tax Code

craig preece |

Payroll Software

stratty |
stratty's picture

When asking that question, consider...

TomMcClelland |
TomMcClelland's picture

IPP

lmr |

Annual Pay Periods

PETERP |

Here at Clear Books our Open

ShayaClearBooks |

Different basis for PAYE and NI?

TomMcClelland |
TomMcClelland's picture

'On or Before'

ken.voller |
ken.voller's picture

On or before

Mark Three |
Mark Three's picture

Works with Moneysoft Payroll Manager

Nicki Sanday |