Introduction To Payroll Systems - Qp6

With the advent of the Universal Tax credit system information needed to be up to date and accurate to avoid people being under- or over-paid tax credit. 

All commercial payroll software had to be modified to make it ‘RTI-compliant’, that is, be able to interact with the RTI system.

The Full Payment Submission (FPS) has replaced the ______ end-of-year returns. 

The Full Payment Submission is used to notify HMRC of any corrections that were made to employee pay or if there was no employee payments made this pay period.

An employer should be registered with HMRC as soon as they employ staff, or are planning to employ staff.

With a computerised system, there is a report for every employee, with all the salary, PAYE and NIC data needed by HMRC.

Running a computerised payroll system is a lot easier than running a manual payroll system.