Employers with 50 or more employees will have recently received a letter from HMRC with regards to in-year electronic filing obligations from April 2008. Failure to comply will mean further opportunities for employers to be faced with fines and penalties. A further letter relating to the end of year filing “snapshot” will also be sent at the end of October.
Lord Carter of Coles in his 2nd report proposed, and HMRC are now pursuing, legislation to bring in compulsory electronic filing of in-year HMRC forms (specifically P45 and P46 for starters and leavers) for large and medium employers from 1st April 2008 and compulsion for all employers from 1st April 2010.
Ceridian has been part of the HMRC electronic exchange recognition scheme for some considerable years. The Ceridian payroll services (PayPoint, CPS 1 & CPS 2-Source Payroll) already offer this value added service of the ability for day-to-day electronic exchange between the employer and HMRC, currently using Electronic Data Interchange (EDI). Electronic filing of P14 end of year data is all part of the standard payroll service for all customers.
The Ceridian Electronic Exchange service can offer some significant business benefits and accuracy gains in ensuring that employee data is exchange with HMRC. This includes: P45 Starter, P46 Starter, Pension P46 Starter, Pension P160 Starter, P45 Leaver (including Pension & Death cases – and the receipt of information directly from HMRC relating to: P6, P6B and P9 tax codes updates and also Student Loan messages.
The Ceridian Electronic Exchange service was established in 2000 and currently has in excess of 2,500 employers utilising the service.
If your current service or offering does not cater for electronic exchange, then it is time to talk to the experts, Ceridian, and find out how you can comply with the new HMRC requirements right now. The Ceridian Electronic Exchange service is affordable and cost effective. Complete our online enquiry form to find out more.