BACS

The RTI penalty delay announcement earlier this month raised all sorts of questions

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Anyone still using Faxpay to report wages to client’s bank for processing? What’s the least cost/least hassle 21st century alternative?

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In the wake of the financial crisis and with early signs of recovery, the payments market continues to go through radical transformation.

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Technology is wreaking havoc in payments processing. And accountants are having to unravel the complexities.

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ICAEW-endorsed Bacs service provider Credec warned that the PAYE real time information (RTI) system faces its most critical test in the final few days of April.

UK businesses are facing costs of up to £30,000 to ensure their BACS software is compliant with real time information (RTI) requirements for PAYE.

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