RTI submissions and SMP
We have a small business client with half a dozen or so on the payroll. Their earnings are very low as it is a small shop and the directors work there practically every day to keep staffing requirements to a minimum.
During 2013-14 one of the directors has been on maternity leave and claiming SMP. The SMP (with compensation) has meant that until recently, the monthly deductions due to HMRC were negative. We ran the payroll as required and submitted the FPS and EPS to show that no payment was due for the month.
Maternity has now ended and deductions have returned to their previous level however a credit has built up on the clients account that will cover all their deductions this tax year (and a good few months more). Now that we are running the standard payroll, the FPS is indicating payments are due to HMRC but surely this is not the case due to the previous months? Should we be filing an EPS on the grounds that the client will not be paying the figure shown on the FPS? If so, how?
Our software provider indicated we should simply "cover" the deductions due by putting the relevant figure in an EPS submission under "SMP rec". I'm worried this will duplicate the SMP on HMRC's records.
Can anyone direct me at how this should be dealt with?
- Cost of demolition of a shed - revenue or capital? 677 18
- Sage Priority Support 78 1
- incorrect old p60 93 1
- HMRC interview re client authorisation 473 4
- VAT on new builds 104 2
- Becoming a subcontractor to Accountancy Practices 341 2
- Rental business through company without owning the property? 115 1
- Pensions Auto-Enrolment when no computer/internet access 105 1
- Bank Interest Held by Solicitor During Divorce 120 1
- Are accountants facing a doomsday scenario? 1,817 26
- Missing tax return 158 2
- Are you going to Tick and Bash on 21 May? 917 24
- CG on Spanish property disposal 273 8
- SSAS Pension scheme 155 2
- Quick Income tax calculation question! 550 18
- Physiotherapy 236 3
- Inflation and fees 1,214 20
- Capital allowances not claimed 158 3
- Changing shareholding ratio 277 8
- CGT help please 142 1