By Lynne Gowers on 1st February 2014

Make sure you are compliant with RTI

RTI was the payroll legislation introduced by HMRC in April 2013 for all UK based Limited Companies with a view to keeping more accurate and regular records on individuals, and how much they are paid.

It is now a legal requirement for all employers to report payroll information in real-time, regardless of the number of employees a company has.

Back in April 2013, we re-developed our accounting software to ensure our clients complied with RTI.  The changes we made placed the emphasis on clients to confirm when they are to pay themselves.

If you are not following this process when using the Boox App, you are not compliant and run the risk of being penalised by HMRC. These new Payroll rules have been in place since 6 April 2013 and penalties for non-compliance will start to be issued within the next 8 weeks.

Are you RTI compliant?

How to make sure you comply with RTI

If you are taking a salary from your business (and/or paying any salary to any employees on your Payroll) you must make the RTI submissions using the Boox App. Our software enables you to be fully compliant with HMRC’s new rules, which is why you need to use our online accounting app to manage your company.*

To ensure you comply, you need to follow these simple instructions each time you receive notification of your pay breakdown:

  • Log in to your Boox App (desktop or our new mobile app)
  • Go to Pay Yourself
  • Click on any unpaid item, and if you’re happy, click the green Pay Now button (Desktop), or the link in the top right of the screen (MyBoox) to confirm payment.
  • Follow the prompt on the next screen – this is the important bit and confirms your RTI submission.
  • Once you’ve clicked the confirmation, you’ve done all you need to.

Contact your accountant if you are concerned about whether you have been following the process above incorrectly.

*Please note that Boox cannot be held for non-compliance of HMRC’s new RTI data submission requirements.  For more information about our obligations to you as a client, please see our Terms and Conditions.

Written by Lynne Gowers
Disclaimer Although we attempt to ensure that the Information contained in this publication is accurate and up-to-date at the date of publication it may not be comprehensive, we accept no liability for the results of any action taken on the basis of the information they contain and any implied warranties, including but not limited to the implied warranties of satisfactory quality, fitness for a particular purpose, non-infringement and accuracy are excluded to the extent that they may be excluded as a matter of law.

View our latest blogs

Take a look at our recent blogs below.

Explore our accountancy packages

If you need a little help to find the right accountancy service, don’t worry. Get in touch with our friendly team for a FREE service consultation.