HMRC announces plans to advise employers in contravention of RTI

Top Quote HM Revenue & Customs (HMRC) has announced its intention to offer advice to employers who fail to adhere to the new RTI compliance laws, passed last year. End Quote
  • (1888PressRelease) January 17, 2014 - Between April and October of last year, HMRC rolled out compliance laws which have now been mandatory for more than three months. These mean that companies now need to submit all PAYE information to HMRC prior to or on the date that payments are made to workers. This can be done via the Electronic Data Interchange (EDI) or alternatively, through the Government Gateway.

    With many businesses struggling with the new RTI compliance rules and regulations, the HMRC has seen fit to offer their assistance so that all companies can toe the line. Indeed, many organisations have been missing PAYE payments which have led to much disarray across many sectors over the festive period. The tax outfit will issue extra instructions to these businesses to warn them of future penalties including the best way to go about the procedure.

    This news has come to the delight of all at Onshore Support, who specialise in outsourced back office solutions.

    "We are very happy to hear that HMRC will be offering some much needed advice to companies across the United Kingdom, regarding what has become somewhat of a minefield for many. Although on the surface it seems like quite a simple concept, many organisations have been struggling with RTI compliance and it is great to see they will be offered the appropriate guidance"

    "As great purveyors of payroll and invoicing solutions, any help that can be provided by HMRC themselves is obviously gratefully received and we can also assist any businesses across the United Kingdom with their administrative needs" stated a spokesperson for Onshore Support.

    The HMRC has gone on to state that the new system will be rolled out gradually and carefully so that it is as "efficient and thorough" as possible and all electronic messaging will be monitored by staff in an intricate manner so there are no future hiccups. As a final and crucial point, the tax body has been careful to point out that although there will be no in-year penalties for late payments for the current tax year, if these are not reported by May 19th 2014 then the companies in question may well find themselves in hot water.

    Any businesses needing any assistance with this, or any other aspect of invoicing, payroll or back office solutions is urged to visit Onshore Support without delay.

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