Ian Holloway discusses the ‘on or before’ real time information (RTI) implications to be aware of when bringing paydays forward at Christmas.
When reporting information via the full payment submission (FPS), there is the ‘per pay-period’ obligation to submit this on or before the date of payment (SI 2003/2682, reg 67B).
The date of payment (or payday) is not reported in the FPS; however, the field payment date is reported. The payment date is the date the employee is contractually entitled to be paid.
Example 1: Payday vs payment date
A monthly payroll pays via BACS on the 30th. In 2024, 30 November was a Saturday, so the payday was brought forward to the banking day before (29 November).
