The HMRC Message Portal is the communication point between the employer and HMRC to receive and send data between the 2 parties. The following section describes the process for both incoming and outgoing forms.
Incoming Forms
The HMRC instruct employers to apply updates to payees' tax code, student loan and postgraduate loan via an API. These are incoming forms from the HMRC. The HMRC can also notify employers of updates to National Insurance numbers but this facility is not currently available within FastTrack360.
The instructions that can be received from the HMRC and applied in FastTrack360 are:
P6 - In year tax code update
P6B - A mid year tax code uplift from a budget change
P9 - A start of year tax code update
SL1 - A student loan start notification
SL2 - A student loan stop notification
PGL1 - A postgraduate start notification
PGL2 - A postgraduate stop notification
Outgoing Forms
Employers are obligated in sending the HMRC data in an electronic form. The forms that are sent out of FastTrack360 are:
Full Payment Submission (FPS) - payee data, earnings and deductions, year to date figures each time a payee is paid.
Employer Payment Submission (EPS) - the employer compensations to offset against payments due to the HMRC
See also: