Embed Size (px)
Citation preview
RTI:Cutting through the layers
© Xact Payroll 2013 www.xactpayroll.co.uk
Our Guide to HMRC changes in 4 easy steps
Point 1 RTI “Put Simply”
• HMRC want all employee data as quickly as possible
• All employers have to comply• All staff payments are reported to
HMRC• Reporting takes place on or
before the day the staff are paid• Accurate data MUST be provided
to HMRC
© Xact Payroll 2013 www.xactpayroll.co.uk
Point 2 “What HMRC Say”
• Employers Must be ready to act for April 2013
• Data cleansing – submit employee data to HMRC before RTI is live so HMRC can advise correct or incomplete data.
• Improve and maintain data quality– Make sure you obtain dates of birth, use full names and include addresses when employees are entered on your payroll.
• Speak to your payroll provider –Make sure they can deliver on RTI.
© Xact Payroll 2013 www.xactpayroll.co.uk
Point 3 “What to do now”
• Decide if your business is ready internally to deal with RTI
• Consider all options– New Software– Payroll bureau– Accountant– Full time member of Payroll Staff
• Check that the chosen Solution is right for your business
• Make sure you are ready for April 2013
• Keep your options open – XactPayroll are here to help pay your staff in 2013 and beyond
© Xact Payroll 2013 www.xactpayroll.co.uk
“Take Action”
© Xact Payroll 2013 www.xactpayroll.co.uk
• Call Xact Payroll to help guide you through RTI
• We will advise you on what your business needs to do to comply
• We are– Fully Insured, with – HMRC Approved Software– HMRC Authorised Payroll Bureau
“I’m Ross Macdonald, owner of Xact Payroll. Last year, I managed over £10 Million in Client Payments. For 2013, we have streamlined our processes and improved our IT capabilities in order to meet the demands of our clients and meet the needs of RTI. Your staff are your greatest asset. Choose a Payroll Bureau who understand this and who look after your staff’s payroll as if it were our own.”
© Xact Payroll 2013 www.xactpayroll.co.uk
1.the payroll provider can tailor a suitable package 2.they are experienced with your type and size of business
3.what documentation they can provide, for example weekly/monthly payslips, annual returns or real time PAYE returns in the future4.the costs for setting up the payroll and administering the system5.how easily scalable their service is - for example, if you take on another employee
6.that your own software is compatible with that used by the payroll provider
1.It is our job to tailor our offering to suit you. 2.We deal with small to medium sized businesses. Our typical business size is from 3 to 25 employees3.We provide weekly / fortnightly / monthly & 4 weekly payslips. Annual & RTI returns are included in the price4. We have NO SET UP COSTS whatsoever, and never will. 5.Our service is set up to be entirely scaleable, however we find that we operate best in our chosen comfort zone of companies up to around 50 employees.6.Whatever software you use, we can customise our reports to integrate.
Choosing a Payroll Provider
(The checks HMRC say you should make – and OUR answers)
© Xact Payroll 2013 www.xactpayroll.co.uk
Get in Touch
Xact PayrollHMRC Authorised Payroll Bureau
Tel: 0843 289 5472 On twitter? Follow Us.
@xactpayrollUK
