Articles published on this website prior to October 2012 have been archived, and some information and links may be out of date.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 Tuesday, January 31, 2012
We've come a long way in a year and all parties now appear to be where they need to be to make this happen:
The industry is poised to embrace this new initiative and the mood is becoming more positive by the day.
A few bits are still being tidied up from a regulatory perspective. A question mark still resides over the P45 and whether it is staying or going. It is highly likely that in the short term it will stay, with a longer term plan to eradicate its existence. You can expect an update shortly from the government on that one.
It appears that talk of the strategic solution is back on the agenda, albeit with the delivery time frame mooted as 2015 / 2016 and a continued preference for the split file concept rather than a combined file. We'll keep you posted as things evolve.
For us one major issue remains - none of the payment providers know who is in the pilot due to data protection issues associated with HMRC sharing that information. The challenge here is that the payment file format needs to change to accommodate the cross reference. As such the payments software needs to be re-configured and we would advocate doing that re-configuration now rather than in the heat of the moment on payday. This is a risk, and one which can be easily averted if pilot customers connect with their payment providers to ensure that file formats have been updated.
Our message to you remains the same... Check with both your payroll provider and your payments provider to ensure that they are ready to help you comply with RTI. Don't delay - contact them now to avoid challenges further down the line.
As always we are here to help, so if you have any questions please don't hesitate to drop us a line.
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.
December 2011 HMRC RTI Update - RTI advancing at a rate of
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