BrightPay: Auto Enrolment - A New Revenue Stream for Bureaus
5 Steps to Completing the Tax Year 2018-19 · 2018/19 BrightPay – 5 Steps to Completing the Tax...
Transcript of 5 Steps to Completing the Tax Year 2018-19 · 2018/19 BrightPay – 5 Steps to Completing the Tax...
5 Steps to Completing the Tax Year 1. Finalisethefinalpayrollforallpayfrequencies
FinalisePayslips Finaliseallpaymentsmadetoemployeesbeforeandupto05thApril2019. Openpayperiodsaredenotedbyanemployeesymbolwithinthespecificpayperiod Onceallpayperiodsarecompleted,eachpayfrequencywillnolongershowanyopenpay periods,i.e.therewillbenoemployeesymbolsinanyofthepayperiods(asshownbelow)
SubmittheFPS
• Onceallpayslipsarefinalised,theFPSsubmissionisautomaticallypreparedandpendingsubmission.
• ChoosetheRTImenuandselecttheoutstandingFPSsubmission(s)fromthelistingandsubmittoHMRC.
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EnsureallFPSsubmissionshavebeensubmittedsuccessfullybeforeproceeding.
Note: Apendingsubmissionisindicatedbyabluecube Asuccessfullycompletedsubmissionisindicatedbyagreentick2. CompletetheHMRCPaymentsScheduleIfyouhavesufferedanyCISdeductionsinthetaxperiod,enteraccordinglyand"savechanges"toupdatethesummary.
Tip:theEPSincludesyeartodateCISdeductionssuffered-reviewalltaxperiodstoensureCISdeductionssufferedhavebeenenteredforeachtaxperiod,ifapplicable.
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3. PreparethefinalEndofYearEPS
IntheRTImenu,selecttheEmployerPaymentSummary(EPS)fromtheNewmenu:
Iftherearerecoverableamountsdue,aspertheHMRCPaymentsschedule,thenthiswill
automaticallybeindicatedontheEPS:
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Pleasenote:Iftherearestatutoryrecoverableamountsduetobereclaimedbytheemployer,pleaseensurethecorrectyeartodatefiguresareindicatedontheEPSscreen.Ifthefiguresarenotcorrect,reviewtheHMRCPaymentsutility.Oncecorrect,returntotheRTImenuandrecommencethepreparationoftheEPSagain.
• IndicateontheEPSthatthisisyourfinalsubmission:
• SubmittoHMRC:
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Ifreviewingthe2018/19payrollatalaterdate,youcancheckiftheEndofYearEPSwassubmittedbysimplyselectingtheEPSfromthelistingofRTIsubmissions.
Onceselected,theEPSwillindicateifitincludedthefinalsubmissionindicator:
4. CorrectingerrorsinpayrolltotalsafteryourfinalFPSsubmission
IfanerrorisdiscoveredinanyFPSfor2018/19afteryourfinalsubmissionhasbeenmade,thenanAdditionalFullPaymentSubmission(FPS)canbesubmittedtoHMRC.AnAdditionalFPScannowbesubmittedatanytimeduringorafterthetaxyear.ToprepareanAdditionalFullPaymentSubmission(FPS)
• Re-openthepayslips,makeyouramendmentsandfinaliseaccordingly.
• IntheRTImenuof2018/19BrightPayselectAdditionalFPSfromtheNewmenu:
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• Selecttheemployee(s)forwhomyouhavemadeadjustmentsandselectanappropriatelate
reportingreasonfromthedrop-downmenu:
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• SubmittheAdditionalFPStoHMRC:
Pleasenote:Ifapayrollcorrectionhasalsoledtoachangeinyourrecoverableamounts,itisimportanttoalsosubmitanewEmployerPaymentSummarytoHMRC,inadditiontotheAdditionalFPS,toinformthemofyouramendedyeartodaterecoverableamountstotal.
DiscontinuationoftheEarlierYearUpdate(EYU)Inpriortaxyears,whereamendmentstopayrolldatahavebeenidentifiedafterthe19thAprilfollowingtheendofthetaxyear,HMRChaverequiredanEarlierYearUpdatetobesubmittedtothemtocorrectanemployer’saccount.HMRChavenowsimplifiedthisprocessand,from20thApril2019,willinsteadacceptanAdditionalFullPaymentSubmissioninplaceofanEarlierYearUpdatewherepayrollamendmentsfortaxyearending5thApril2019areneeded.InlinewithHMRC’ssimplifiedprocess,theoptiontocreateandsubmitanEarlierYearUpdatehasthusbeendiscontinuedin2018-19BrightPayandgoingforward.
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5. IssueP60stoyouremployees
BrightPayfacilitatestheprintingandemailingofP60sonanindividualbasisorinabatch.BrightPaywillgeneratetheP60in3formats,dependingonyourrequirements:• HMRCP60 PrintstotheHMRCsinglepagelaserP60• BlankPaper HMRCapproved‘Substitute’P60whichprintstoplainpaper• EmailP60 HMRCacceptablemeansofissuingtheP60TheP60optionislocatedwithintheEmployeesmenu.• Selectanemployeewhoisinactiveemploymentasat5thAprilfromthelefthandlisting
• ClicktheP60tabandsimplyselecttheP60optionyourequire:
Pleasenote:YouneedtoprovideaformP60(eitherpaperorelectronic)foreachemployeewhowasinyouremploymentonthe5thApril2019.Youmustdothisbynolaterthan31stMay2019.View/PrintP60Certificates,ExportP60stoPDFandEmailP60swillgivethefollowingoptions:• ShowBrightPayLogo• Ignoreemployeesnotpaidinthatyear
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