Bottomline Technologies Industry News

Large companies to negotiate with HMRC over RTI migration

Published While most companies are due to implement HMRC Real Time Information (RTI) by April 2013, businesses employing more than 5,000 staff will be able to arrange a later transition date with HMRC

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August 2012 HMRC RTI Update - Ensure all your software is RTI compliant

Published Ensure all your software is RTI compliant

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UK Government plans to replace Payments Council with new Payments Strategy Board

Published Under consultation, the UK Payments Council is set to be replaced with a new board of industry and non-industry representatives, including those from consumer organisations, as the government attempts to reform the payments industry with the creation of a Payments Strategy Board (PSB).

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Bank account validation prevents costly transaction errors

Published Inaccurate bank account data can leave you unable to pay your staff and suppliers, or in a situation where your Direct Debit collections are rejected - causing significant cash-flow problems. Let’s take a look at what can go wrong:

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Timing of HMRC Real Time Information (RTI) and Universal Credit is 'challenging'

Published Calling on HMRC to clarify business effects of the Real Time Information (RTI) and Universal Credit initiatives, a National Audit Office (NAO) report describes the timetable for roll-out of changes to the Pay As You Earn (PAYE) tax system as “challenging.”

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June 2012 HMRC RTI Update - Pilot progressing well

Published The HMRC RTI pilot is progressing well and is on track.

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Overdue payments for UK SMEs exceed £35 billion

Published New research carried out by Bacs found that outstanding debts to UK Small and Medium-sized Enterprises (SMEs) reached an astonishing £35.3 billion in the first half of 2012 – an increase of almost £2 billion on research from 6 months previously.

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UK companies reduce late payment days

Published Research by Experian’s business research arm reveals that corporations have made the biggest reductions in late bill payment times, closely followed by mid-sized firms.

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May 2012 HMRC RTI Update - Pilot kicks off!

Published April has come and gone and with it the HMRC Real Time Information pilot began quietly and successfully with the first 10 employers to adopt RTI making their initial submissions on-time and with little issue.

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Electronic payment methods taking over from costly cheques

Published UK cheque use has declined steadily each year - from 4 billion transactions in 1990 to 1.1 billion in 2010.

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