RTI (Real-Time Information) payroll
HMRC scheme requiring employers to report pay, tax, NIC and student loan deductions on or before each payday through Full Payment Submission (FPS) and Employer Payment Summary (EPS) messages.
At a glance
Payroll- Why it matters
- UK statutory
- Related
- 3 terms
- Walkthroughs
- 3 guides
- Watch out
- Common misconception below
Plain English. UK spelling. No marketing filler.
Why this matters
RTI replaced the old annual P35 return in 2013. Every payday now triggers a submission. Miss the on-or-before-payday deadline and HMRC charges a penalty (£100–£400 per scheme depending on size). Most UK SMEs use payroll software like Sage Payroll or BrightPay to file RTI, since the FPS XML is too tedious to hand-craft.
How YionStack handles it
The YionStack payroll module files RTI directly. When a pay run is approved, the FPS is generated, signed, and submitted to HMRC over the GovTalk RTI channel before the pay date. The submission reference comes back from HMRC and attaches to the run. The EPS (used to claim Employment Allowance, report nil payments, or recover statutory pay) is generated automatically when needed and submitted on the same schedule. Year-end works the same way: the final FPS for the tax year is marked as such and HMRC accepts it as the closing submission.
Common misconception
RTI does not pay HMRC for you
RTI reports what is owed. The actual PAYE + NIC payment to HMRC is a separate bank transfer (or Direct Debit) made by the 22nd of the following month for online payers. YionStack reminds you of the payment amount and due date but cannot move money on your behalf without a connected payment facility.
Related terms
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