PayGate’s modular design means we can easily extend and expand the functionality range as markets demand – as evidenced by this HMRC initiative.
BeMac Payments have enabled PayGate to support HMRC’s new RTI service. PayGate is a modular solution and as such allows for the addition of the BeMac developed RTI module to provide the required information and reporting. As such, existing PayGate customers need only add the new module to their current system. Today customers, and Payroll software developers, can produce RTI compliant BACS submissions using the module, and soon PayGate/ONLINE will provide a solution whereby customers can make RTI BACS submissions by subscribing to the monthly billed service.
Peter Alderson, Managing Director, BeMacPayments commented: "PayGate’s modular design means we can easily extend and expand the functionality range as markets demand – as evidenced by this HMRC initiative. .”
HMRC will require all those who submit employee payments via BACS to submit additional information attached to the payments. This information is required to track deductions in respect of PAYE, NI and statutory payments and deductions and to assess tax credits, while the Department for Work and Pensions requires the information for the introduction of the new Universal Credit benefits system. BeMac will be working closely with HMRC and the volunteer employers over the coming months and throughout the pilot period to help ensure that the process of sending information under the RTI system is as easy as possible.
“To help payroll submitters through this time of transition, we are planning a series of educational seminars,” added BeMac Payment Services Manager, John Doyle. “We will share our experiences of working with employers to help organisations turn RTI to their advantage, plus offer planning and necessary training services and provide practical tips for ensuring compliance.”
HMRC currently envisage that all employers and pension providers will have joined the RTI system by October 2013.
For more information on the operation of PAYE: RTI visit www.hmrc.gov.uk/rti/index.htm or email firstname.lastname@example.org
BeMac Payments, a division of the BeMac group of technology companies, provides secure payment solutions to corporates, governments, professional service firms and the retail industry worldwide. The company has worked with over 3,000 leading organisations over the last 20 years helping them to efficiently and cost-effectively manage a myriad of data sources, payment types and transaction requirements. BeMac is a member of the Payments Council of the UK, an authorised partner of SWIFT and a marketing partner of Microsoft and IBM. [BeMac
Payments|http://www.bemac.com/products/payment] is headquartered in the UK.
For more information, visit www.bemac.com
Photograph of Peter Alderson, Managing Director, [BeMac
Payments|http://www.bemac.com/products/payment] and John Doyle, [BeMac
Payments|http://www.bemac.com/products/payment] Services Manager, are
available upon request
For more information, please contact:
Marketing Manager, BeMac
Tel: 07815 762 043
PR Agency Contact:
Partner, Insight Group Marketing
Tel: 07785 395 499
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