BeMac Payments selected to pilot HMRC Real Time ...
BeMac Payments selected to pilot HMRC Real Time Information (RTI) for payroll processing
11 Months ago at 15:00
BeMac Payments have enabled PayGate to support HMRC’s new RTI service. PayGate is a modular solution and as such allows for the addition of the BeMac developed RTI module to provide the required information and reporting. As such, existing PayGate customers need only add the new module to their current system. Today customers, and Payroll software developers, can produce RTI compliant BACS submissions using the module, and soon PayGate/ONLINE will provide a solution whereby customers can make RTI BACS submissions by subscribing to the monthly billed service.
Peter Alderson, Managing Director, BeMacPayments commented: "PayGate’s modular design means we can easily extend and expand the functionality range as markets demand – as evidenced by this HMRC initiative. .”
HMRC will require all those who submit employee payments via BACS to submit additional information attached to the payments. This information is required to track deductions in respect of PAYE, NI and statutory payments and deductions and to assess tax credits, while the Department for Work and Pensions requires the information for the introduction of the new Universal Credit benefits system. BeMac will be working closely with HMRC and the volunteer employers over the coming months and throughout the pilot period to help ensure that the process of sending information under the RTI system is as easy as possible.
“To help payroll submitters through this time of transition, we are planning a series of educational seminars,” added BeMac Payment Services Manager, John Doyle. “We will share our experiences of working with employers to help organisations turn RTI to their advantage, plus offer planning and necessary training services and provide practical tips for ensuring compliance.”
HMRC currently envisage that all employers and pension providers will have joined the RTI system by October 2013.
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