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What is Pegasus Web Xchange?
A series of web services that connect your browser to Opera data, and provides the functionality to update Opera data from the web pages
Platform independent – Windows, iOS and Android
Payroll Self Service
Credit Control (allow customers to access copy invoices and statements)
Pegasus Web Xchange – Overview
“To ensure you are prepared for the biggest change in the PAYE system for 70 years, the Pegasus Payroll Solutions will be RTI ready and delivered in February 2013. Businesses need to start checking that the employee data they hold is correct for a successful transition to RTI.”
Stuart Anderson ⁞ Director, Sales & Marketing
The existing PAYE Scheme
So why change?
Ok, so what’s the impact of that?
Do the PAYE calculations change?
Why do we need RTI?
So what is RTI, what does it mean for every employer?
What can we do now in order to get ready for RTI?
Employee Data that will be submitted?
What happens if I don’t have the NI Number?
Pay information that will be submitted
Payment information that will be submitted
What is involved in processing RTI?
When does it start?
Employers will be notified by HMRC 4-6 weeks before their start date
Most employers will need to be ready for RTI, and begin to operate their payroll in real time in April 2013
Most cases you will need to submit your employee details for payroll alignment when you make you first payment under RTI, and send in your first Full Payment Submission (FPS)
In some instances (250+ employees) HMRC may ask you to submit a separate Employer Alignment Submission (EAS) before your first FPS
What about current End of Year Submissions?
Next April will be the last end of year submission
Under RTI there are no End of Year Returns (P35 and P14)
Still continue to provide P60s and P11Ds
Under RTI there are no In-Year submissions (P45/P46) – new starters and leavers will no longer require separate notification
What information will be submitted
Your first FPS will include extra details that you won't need to include on future submissions.
You must include all employees who:
you have employed since the start of the tax year - including those paid below the Lower Earnings Limit (LEL) - as well as employees you have paid in that pay period.
Have been paid since the start of the tax year
Left since the start of the tax year
Not been paid so far within the tax year, for example people on maternity leave or people on unpaid absences
Reducing Debtor Days and Bad Debts
Make credit control more effective
020 8603 1570