Have you been struggling to send full payment summary (FPS) reports under RTI to HM Revenue and Customs on or before the days on which your employees are paid? This can be particularly difficult when your workers receive irregular amounts of pay on varying dates. You may not even know the amounts of wages and deductions to report until the workers have finished their shifts.
The concession for small employers with fewer than 50 employees has helped. This allows you to submit all the figures on one FPS report when you make your last payroll run in the month, but this must be no later than the end of the tax month. Unfortunately, this concession is due to end on 5 April 2014.
The good news is that until 5 April 2016, employers with fewer than 10 workers will be able to send in the FPS covering all payments by the last pay day of the tax month. This new relaxation will only
apply to existing employers. Any new PAYE scheme commencing on or after 6 April 2014, or any scheme with 10 or more employees will have to report all the wages and deductions on or before each day the employees are paid, even if that is multiple times in the month.
If you have 10 to 50 employees on your payroll, and have been using the small employer concession to cope with multiple pay dates in a month, please do get in touch if you would like to discuss how to adjust your systems from April 2014.