Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | Unified Software Helps UK Employers Meet RTI RequirementsElectronic payments and validation software specialists Unified Software have introduced a new service which will help employers comply with the new HMRC Real Time Information scheme (RTI).
By: Unified Software RTI will help HMRC link PAYE payments to National Insurance and other deductions at the time the payments are made, rather than having to wait until the end of the tax year. Once the system is in place, employers will be required to submit a new cross-reference key (‘hash’) each time they make a payment. To help employers comply with RTI, Unified Software has introduced a new web based service which generates the new ‘hash’ cross-references quickly and easily. This may mean that many employers do not need to upgrade their payroll systems. Managing Director George Barron commented: “The new HMRC RTI system has advantages for employers and employees. To help businesses get up and running, we have integrated the new RTI functionality into our Bacs payment gateway application BankPay-IP. We have also launched an online service which can be plugged in to any existing software very easily. This will allow businesses to comply with RTI with the minimum of fuss and expense”. Visit http://www.unifiedsoftware.co.uk for details. # # # Unified Software Ltd is a leading provider of payment and bank validation web services. Our innovative services are used by some of the world's most prestigious organisations to improve the efficiency of their electronic payment processing. End
Account Email Address Disclaimer Report Abuse
|
|