As the month end approaches so does the real crunch/test for RTI, as the majority of employers attempt to use RTI for the first time.
My thanks to a loyal reader for pointing me to two articles in AccountingWEB about RTI.
Regarding the oncoming surge, AccountingWEB quote Credec director Alexander Meynell:
“HMRC reported that it had handled 70,000 submissions in week one of the new tax year: that’s 3.5% of the total. The end of the month is the real acid test.”In the meantime, AccountingWEB also reports that HMRC has temporarily stopped employers and their payroll agents from switching their pay cycles to lessen the administrative burden of RTI.
In new guidance published HMRC state:
“There has been a recent increase in the number of employers and agents requesting the registration of PAYE schemes as annual.What does this mean?
Please note that, at the moment, HM Revenue & Customs (HMRC) are unable process requests from employers to:
HMRC are working to rectify this position and will publish a further 'What's New' message to announce when this is ready.”
- move to paying annually and register as an annual scheme
- change their payment frequency.
Rebecca Benneyworth (Deputy Chair of the ICAEW tax Faculty) is of the view that HMRC may be having IT problems, exacerbated by a surge in requests from single director companies to switch to the annual scheme option.
As per one payroll software developer:
"We’ve heard that HMRC can’t cope with the volume of requests and has closed the helpline number down while they decide what to do."So then how are people getting along with RTI, both within and without of HMRC?
Tax does have to be taxing.
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