Sage RTI Surgery with Helen Hargreaves
Sage RTI Surgery
29 April to 03 May 2013
Throughout this week Sage are working with AccountingWEB and Helen Hargreaves, Senior Policy & Research Officer at the CIPP to answer Sage customer’s questions on the tricky details of RTI. Below is a live transcript of the questions and answers as they happen.
If you are a Sage customer and would like to ask a question to Helen please click here to register for the surgery , get in touch with your Sage account manager on 0845 111 1111, or email email@example.com for access to the live session.
I will be back tomorrow at 2.45 to answer any more RTI questions you may have.
If your client wants to keep the scheme open you will need to submit an EPS saying no payments have been made. You will need to do this for month 1 after 5 May, and then you can show periods of inactivity for up to 6 future months. At which point, if there are still no employees but the scheme needs to remain open you can submit another EPS for the six months which follow after that.
If you pay employees quarterly you must submit an EPS for all the months that you make no payments to employees, by completing the 'No payment dates' or 'Period of inactivity' fields to show the tax months that you won’t be sending an FPS. For example, if you pay all your employees quarterly in tax months 3, 6, 9 and 12, HMRC will expect an FPS for these months; but you must also submit EPS to cover tax months 1, 2, 4, 5, 7, 8, 10 and 11 when no payments are made to employees. You can limit the number of EPSs you need to submit by doing them in advance, so you can submit an FPS for month 3 and an EPS saying there will be a period of inactivity for months 4 & 5. The reason why I've not yet mentioned months 1&2 is because you can't do an EPS for the current month. So after 5 May you will need to do an EPS showing no payments made in Month 1 and a period of activity for month 2. But then proceed as above for the rest of the year.
You can find more guidance on this on HMRC's website at http://www.hmrc.gov.uk/payerti/reporting/when-to-report.htm#6
Here's one from AccountingWEB member Moonbeam taken from Any Answers:
"I have put my one man band companies onto a quarterly system where they don't receive their first net pay until 6th June. There is therefore no payroll to run in M1 and M2. Should I be submitting a nil FPS for these months with the employee on hold? If not, for new payroll scheme I cannot see on HMRC website how to notify them it is quarterly PAYE. Should I be submitting EPS at any stage for these quarterly payrolls? Although I pay Sage regularly for their helpline I didn't sign up for this on the basis of waiting a long time to speak to them and I don't feel all HMRC advisors know what they are talking about."
HMRC has produced guidance on how to close down the company in the RTI regime.
As you have already submitted your first FPS but won't be sending in anymore as the company has now ceased you need to submit an EPS selecting the 'Final submission because scheme ceased' and ‘date scheme ceased’ boxes.
More guidance is available on the following link http://www.hmrc.gov.uk/payerti/business-close-or-change.htm#1
That's all the questions answered for this afternoon I think so I'll sign off for now. I will be back to answer any more questions you may have tomorrow morning at 11 o'clock.