RTI: Is your software ready?

It's always best to prepare for big administrative transitions early, but businesses, accountants and even some software developers are struggling to keep up with RTI. John Stokdyk and Rachael Power check on progress among the most commonly used payroll software developers.

Like accountants, the payroll software industry has been suspicious of HMRC’s real time information (RTI) project, to the point that some may have started their preparations late to accommodate the online filing requirements businesses will need to meet from next April.

Phill Robinson at IRIS has claimed that some HMRC-recognised vendors don’t even know what is included, and the company has been making considerable capital out of Sage’s announcement that it will no longer support TAS Payroll. Payexcel is another developer that has fallen by the wayside.

Given the potential for more payroll developers to drop out of the RTI race, some AccountingWEB members asked recently about free software options, which were covered in a previous article.

This article presents a brief update on the payroll systems most commonly used by AccountingWEB members. Log into AccountingWEB to see the full rundown on products including:

  • 12Pay
  • Advanced Business Solutions
  • BrightPay
  • ClearBooks Open Payroll
  • Greentree Payroll
  • IRIS
  • Keytime
  • Liberty Accounts
  • Moneysoft Payroll Manager
  • Pegasus
  • Qtac
  • QuickBooks Payroll
  • Sage
  • The Payroll Site

Continued...

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Comments

RTI - Is Anyone Ready?

Bobdan | | Permalink

Can someone direct me to a payroll product that has the facility to record the employer SA UTR for sole traders and partnerships and the COTAX ref for limited companies asper HMRC revised guidance issued in July 2012. My current provider (Sage) seemed unaware of this requirement,I had to point it out to them on HMRC website . Their response is to seek clarification from HMRC , that was 10 days ago and apparently HMRC have yet to respond .

Steven Tucker's picture

SA UTR and COTAX Ref

Steven Tucker | | Permalink

These references weren't in the RTI pilot and are new for the 2013/14 tax year.  Our system (The Payroll Site) supports them, although this functionality is switched off at the moment, because HMRC's systems won't accept 2013/14 RTI returns before 6th April.

HMRC's guidance to employers is that a reference should be completed if it is applicable.

The self assessment UTR is reasonably self-explanatory but HMRC's current guidance about the corporation tax reference isn't very clear.  For the corporation tax reference, you need the 10 digit code, sometimes known as a Company UTR.  If you have the full corporation tax reference that they print on most of their notices, you can work out the 10 digit code by selecting digits from the middle, as described here:

https://online.hmrc.gov.uk/information/help?helpcategory=cis&affinitygroup=organisation&helpid=companyUTR

It has a checksum in it and your whole FPS submission will be rejected if the checksum fails.  It won't be rejected if you leave both of these references blank.