RTI Key Facts Summary

  • All employers must go through a one-off ‘alignment’ process in order to synchronise their data with HMRC by sending the First Full Payment Submission or, if appropriate, an Employer Alignment Submission
  • Where there are adjustments to be made to the employer’s liability to HMRC at the end of a tax month, for instance Statutory Recovery and Compensation, CIS deductions suffered or NIC
  • Holiday claims, these need to be reported on an Employer Payment Summary
  • Employers and pension providers will tell HMRC about Tax National Insurance contributions and other deductions on or before pay day – weekly, monthly or any other period – via a Full Payment Submission Payment date to HMRC remains unchanged – 19th or 22nd Of the following month or special arrangement if in place (e.g. quarterly payment)
  • The year-end process will be different, with no P14s or P35s
  • P45s will remain in place for leavers
  • P60s will still be issued to all current employees.
  • New starters will be reported via the Full Payment Submission
  • Leavers will be reported via the Full Payment Submission
  • There will be a single process tying information and payment together, with the employer sending information about the payment to HMRC at the time they pay the employee.
  • If no adjustments are necessary for items such Statutory Maternity Pay recovery, an Employer Payment Summary will not be sent to HMRC