Legislative Updates for PeopleSoft HCM Global Payroll UK - RTI
By Carolyn Cozart on Mar 06, 2013
Real Time Information for 13 - 14 Fiscal
HMRC have announced changes to some of the requirements for submissions from April 2013 and had published new versions of certain MIGs. These updates has been integrated into the PeopleSoft application as part of RTI 13-14 MIG Specifications for various file generation like EAS, FPS, EPS and NVREQ. All PeopleSoft GP UK customers will be required to comply with the legislation changes and complete migration to Real Time Information by October 2013 as stipulated by HMRC. PeopleSoft GP UK provides these legislative changes to allow customers to start the migration process and for those customers chosen, take part in the pilot phase of the HMRC project. Real Time Information will ultimately replace the End Of Year and In-Year Filing processes that currently exist and all employers in UK will be legally bound to be compliant by date specified of October 2013. Each year HMRC would publish changes required to the RTI process and this year is no different. This whitepaper outlines all the changes that have been introduced by HMRC for the tax year 2013-14 & how it has been incorporated in our PeopleSoft Global Payroll for UK.
For detailed information please download our white paper published on My Oracle Support, Document ID 1534036.1."