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At the start of November, the Armstrong Watson Payroll Bureau joined the RTI pilot and started filing payroll returns for a few selected client payrolls with both weekly and monthly pay cycles. In addition, the Armstrong Watson payroll also entered the pilot.
To remind you, all business’s (with one or two exceptions) will be expected to report payroll data to HMRC under RTI from April 2013. Submissions will have to be electronic and a Full Payment Summary (FPS) file will have to be transmitted on or before each pay day. A further file, an Employers Payment Summary (EPS), will have to be transmitted each pay period to advise HMRC of any PAYE amendments such as SMP reclaims. Failure to comply will result in possible penalties, although, for 2013/14, it has been confirmed that penalties for RTI will be ‘relaxed’, and that Employers will receive letters advising them that they have not complied with the legislation and that penalties could have been levied.
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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson Accountants, Business & Financial Advisers is a trading style of Armstrong Watson LLP. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.
Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales No. 8800970. Registered office: 15 Victoria Place, Carlisle, CA1 1EW
Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales No. 7208672. Armstrong Watson Financial Planning & Wealth Management is a trading name of Armstrong Watson Financial Planning Limited. Registered Office: 15 Victoria Place, Carlisle, CA1 1EW