The 5 Pitfalls of RTI

Real Time Information (RTI) has been with us for just over a month now.  It hasn’t been the total melt down some predicted – helped by the fact that penalties aren’t currently being charged for getting it wrong.

Here’s the top 5 pitfalls that we’ve identified so far:

• Paying staff before submissions are made to HMRC
• Paying advances to staff – this is a payment of wages requiring a submission to HMRC
• Paying staff estimated weekly wages but only running a monthly payroll – weekly submissions to HMRC are required
• Casual workers- these have to include these on submissions to HMRC unless all employees earn less than £109 per week
• Employees known by their middle names – full birth names must be used so HMRC can match submissions to the records they hold.

If you’re struggling with running your payroll then don’t hesitate to get in touch for a quote.

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