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In short, if intorducing Universal Credits requires all of this, then Universal Credits need to be scrapped forthwith!
I am dreading this
All of April is spent sorting out P60s/P35s at present. With monthly filing, I can see this becoming a huge monthly task. I have a lot of clients drawing a salary of £624 per month, no deductions. I prepare forms for them once a year and each quarter I tell HMRC there is no PAYE payment due. Under RTI it will become a nightmare...
Software
Not sure it will be onerous, i assume the software will just send everything to HMRC as it does now for personal and business tax returns?
If you do not use software, then yes, but Software is so cheap these days i do not see the point in doing it manually.
This is all on the assumption the software does it all though.
let me understand this
So the small pub (say) with a couple of part time bar staff paid under the thresholds and covered by P46's will have to submit monthly returns (using the free toolkit). What are the chances
a) of them having the facilities to do that
b) getting it right.
So when they claim staff costs at accounts time there will be hell to pay?
and no, it's not an accountant's marketing goldmine, the ones I know aren't profitable now.
the accountancy challenge
I have just spent half an hour sorting out a PAYE "non-submission" because the previous accountant had given me the wrong reference - despite this the database logged me as the agent and issued me with a "successful submission" certificate on 14 April.
HMRC are now disowning this certificate and threatening fines if not submitted. Also, as well as the stick this one has the carrot of being CIS with a big repayment due so worth the half hour.
If we are going to get all sorts of queries and knock-backs every single month then something has to give. Clients will be asked for higher fees for which they can see no benefit, quite rightly it's just a cost the country is imposing on employers - yet another one.
The HMRC software is pants. Clients use this despite my advice not to, and every year at this time I get questions because it can't cope with things the software I use can cope with fine. I don't use the HMRC software, so suddenly I have to picture what sort of blunder someone has programmed into it and suggest workarounds, knowing that the alternative is asking the client to call the not-much-helpline, wait 30 minutes and speak to someone who is paid to get rid of them as fast as possible, regardless of whether the problem has been solved.
This is all very well once a year and I don't charge extra for these calls and I can mostly come up with something which enables the submission to proceed. But once a month this will definitely NOT be OK.
Time to get clients to change
All our clients use us as a payroll bureau and we use moneysoft, so there should be no issues. (hopefully)
I would use it as the starting point to get clients to start using your services for monthly payroll, or get them to use a software provider.
The benefits for the client can be easily explained.
Let's just be thankful
That chapter 5 of the original discussion document seems to have been scrapped!
That's the "just hand your entire payroll over to HMRC to calculate deductions and pay your workforce" idea if you didn't read it
Notifying HMRC CIS to paid along with PAYE
I cannot find anything on HMRC website relating to RTI, CIS to be paid to HMRC and the FPS.
On the FPS you notify them of CIS suffered which is reducing the PAYE liability, however how do you tell HMRC that the payment they should expect will be more than just the PAYE liability?
anyone?