Also in the news...
Foreign travel advice Indonesia
FCDO advises against all travel to parts of Indonesia.
Foreign travel advice Romania
Warnings and insurance Still current at: 24 April 2024 Updated: 23 April 2024 Latest update: Information related to drug offences and Romanian music festivals (under 'Laws and cultural differences' subheading on the 'Safety and security' page).
Foreign travel advice The Gambia
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).
Foreign travel advice China
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).
Guidance Living in South Korea
Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.
Real Time Information: What do I need to do as an employer?
The UK payment system for employment related Pay As You Earn (PAYE) liabilities has undergone a major overhaul (from April 6 2013) with the introduction of Real Time Information (RTI).
What’s new?
Employers (and service providers like us) used to have some flexibility around updating HM Revenue & Customs (HMRC) records for employees. It had be performed but wasn’t aggressively monitored by HMRC. Now the expectation is for instant logging of payroll changes, which means the information submitted must be immediately available as well as full and accurate.
What do I need to do?
The introduction of RTI is in an opportunity for employers to review what information they store and ensure it’s up to date. It is important that employees provide and maintain accurate personal details for HMRC to keep on file. This includes their full name as written on their Birth Certificate and Passport, their National Insurance number and date of birth. Although it sounds unlikely that an employee could mistake their date of birth, the format within which it needs to be written can sometimes cause confusion for North Americans (in the UK, this is structured as DD/MM/YYYY). Incorrectly recording a date of birth could affect the employee’s entitlement to state benefits.
If you have engaged with us, you can rest assured that we will ensure your regular reporting is being performed. If you’re currently outsourcing your UK payroll to another provider, you need to be mindful that submitting RTI is still your responsibility. Ask your provider how they're complying with RTI and if it means any changes for your business.
To discuss any of your payroll related concerns, contact Jeremy below.
Jeremy Montgomery
Senior Manager, Payroll & Global Expansion
Direct Dial: +44 (0) 20 7430 5984
Email: jmontgomery@fitzandlaw.com