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How to make PAYE RTI filings for free

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Information about How to make PAYE RTI filings for free
Business & Mgmt

Published on March 13, 2014

Author: CrunchUK

Source: slideshare.net

Description

Crunch's Accountancy Training Manager Laura Hughes runs through how to make PAYE RTI filings for free using HMRC's PAYE Basic Tools.

This presentation covers how to:
- Set yourself up as an employer
- Add an employee to your business
- Add a payroll run
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RTI Presented by Laura Hughes ACCA

Aims • About RTI • How companies are effected • Free software available • Year End Process • Crunch • Fines and Penalties • Question & answer session

• The flow of payroll • National Insurance • Tax information • Requires employers to submit information on/before each payday About RTI HMRC directive to improve and streamline:

How are companies affected? • Personal information captured before adding to payroll • Additional administrative burden on business owners • Strict framework and procedures to follow

Monthly Submissions You can download the tools here: https://www.gov.uk/downloadbpt Using the free PAYE tools available from HMRC

Monthly Submissions Click to add employer

Add Employer

Employer set up complete

Manage Employees Click to manage employees

Adding a new Employee

What next? • After setting up a new employee • Add them to existing payroll • Run the Payroll • Submit FPS file • Pay your employees

• No longer required to submit a P35 to HMRC • Deadline for filing final Payment submission of 13/14 tax year is 5th April 2014. • Example of additional questions: • Personal Service Company • Tax free payments • Expenses • P11d Year End Process

What happens at Crunch? • Built interface with HMRC • Formally recognised by HMRC as being fully RTI compliant • All payroll information is captured in the App and is submitted directly

Fines and Penalties • No fines for 12/13 (Pilot Scheme) and 13/14 tax year (First year) • Plan was to introduce fine for 14/15 tax year • HMRC are delaying introduction of penalties for late submission until October 2014 • From April 2014 - in-year interest on any in-year payments not made by the due date

Does anyone have any questions? Should you want to stay on the webinar,Andy is going to take you through the demo account to show you the system and payroll.

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