Member Since: 18th Jan 2016
2nd Jul 2021
Come on, how long does it take to read my post? But my apologies if it was not clear.
This is about HMG telling the banks that it *does not matter* how long it takes to check if a company has only just set up. It's about HMG telling banks it's none of their business, all they have to do is to disburse the cash. Quickly!
2nd Jul 2021
Absolutely right, Duggimon. Not just "told by government to speed up the process" but instructed that it wasn't the banks' money at risk, just get on with it. Fast. My source was silent on the origin of the instruction, but in light of the news last month on the contract to Public First, that has a familiar ring, does it not?
19th May 2017
I suggest you Google "Moneysoft BACS" to get up to speed with the various possibilities. That should return half a dozen helpful answers from this very site, and perhaps give a few pointers to other issues to consider. And if it doesn't, you'll have to put in considerable extra effort and Google "site:accountingweb.co.uk Moneysoft BACS" which will give you 84 hits ... and counting. Although it did take nearly 0.5 seconds!
18th May 2017
In a case with which I am very familiar, the payroll service provider calculates the sum due to HMRC and submits the RTI reports, but the client actually pays. It seems to be more usual for the service provider also to transmit the payroll via BACS to the clients bank, having the necessary signatory rights on the client's bank account.
In other words, either scenario applies, you choose.