Page 1 of 1
RTI submission for future months
Posted: Tue Sep 11, 2018 10:25 am
by humble_pie
Hi Guys,
I run my payroll myself, I am a single director limited company, so I pretty much know what i am going to get paid in next 3 months. So just wondering If I could submit RTI submissions for 3 months at a time rather then submitting one month at a time ?
Re: RTI submission for future months
Posted: Tue Sep 11, 2018 3:04 pm
by accutalk
The thumb rule is that if you normally pay less than £1,500 per month, you may be allowed to pay quarterly instead of monthly
Re: RTI submission for future months
Posted: Wed Sep 12, 2018 1:53 pm
by SteLacca
But to answer your specific question, the rule is on or before pay day. There doesn't appear to be any qualification to this, and so I don't see why you couldn't.
Re: RTI submission for future months
Posted: Wed Sep 12, 2018 2:06 pm
by humble_pie
Great. So on 25th of this month, instead of submitting RTI for September, I will do it for September, Oct and November.
So that means £186 odd I pay for taxes and NI, do I have to pay 3 times, or wait for pay day of each month and then submit it ?
Re: RTI submission for future months
Posted: Thu Sep 13, 2018 9:57 am
by robbob
So that means £186 odd I pay for taxes and NI, do I have to pay 3 times, or wait for pay day of each month and then submit it ?
The submission date is not relevant - normally payment due dates will apply - presuming you can pay 3 monthly then payment should be made by approx 18th Oct for September and 18th Jan for (Oct-Dec) - note 3 monthly payment cycles are fixed periods chosen by hmrc (Apr/May/June being q1)
It can really confuse hmrc if you pay early or late or don't use the exact reference specified based on the method and date of payment.