Articles published on this website prior to October 2012 have been archived, and some information and links may be out of date. This follows the acquisition of Albany Software by Bottomline Technologies in September 2012.
Published on Wednesday, February 29, 2012
Based on the success of this we'll then see thousands go live toward the latter part of this year. Within the next 12 months, RTI submissions will have rolled out to hundreds of thousands of organisations countrywide. By next October RTI submissions will be mandated and the strategic choice of RTI data submission via the Bacs channel will be in place by 2015.
From a Bacs payments perspective, our latest payments software is RTI-ready and able to submit RTI data alongside Bacs payment data. From a payroll provider perspective, their software should now be able to cater for the inclusion of the hash tag. The pilot adopters will have cleansed their data and upgraded their payroll software accordingly and should be ready to test.
For the remainder of organisations out there, the message remains the same… NOW is the time to ensure your data quality is up to scratch, that starter and leaver data is correct and that you've liaised with your payroll and payments provider to ensure they can accommodate the submission.
If you're not yet up to speed with Real Time Information and how this will impact you, we recently spotted an informative document that may be of assistance: Real Time Information Supplement by the Purely Payroll publication. This provides an overview of what employers need to know and what the law requires.
If you're not sure what you need to do next or if you're not getting the answers you need from your existing Bacs provider, then please feel free to chat to Albany Software and we'll be happy to assist you.
Albany HMRC RTI Updates is an ongoing series about the new HMRC RTI initiative that is being implemented in the UK. As and when new information emerges, an update email will be mailed to those registered to receive them and a new blog posted on the Albany website.
2012 HMRC RTI Update - Only 10 weeks to go...
December 2011 HMRC RTI Update - RTI advancing at a rate of knots
November 2011 HMRC RTI Update - Updated file format
October 2011 HMRC RTI Update - Gearing up for RTI
August 2011 HMRC RTI Update - RTI is gaining pace
July 2011 HMRC RTI Update - Cross reference and hash concept
June 2011 HMRC RTI Update - Moving the goal posts
May 2011 HMRC RTI Update - Technical specification
May 2011 HMRC RTI Update - Employer requirements
April 2011 HMRC RTI Update - Timescale adjustment