We set out below details of how payroll information has to be submitted to HMRC under Real Time Information (RTI).
RTI – an introduction
Under RTI, employers or their agents, are required to make regular payroll submissions for each pay period during the year detailing payments and deductions made from employees each time they are paid. There are two main returns which and employer needs to make which are detailed below.
Full Payment Submission
The Full Payment Submission (FPS) must be sent to HMRC on or before the date employees are paid. This submission details pay and deductions made from an employee. The FPS must reach HMRC on or before the date of payment of the wages to employees.
Employer Payment Summary
Employers may also have to make a further return to HMRC each month (EPS) to cover the following situations:
- where no employees were paid in the tax month
- where the employer has received advance funding to cover […]