Late Payment Reporting Update

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Important Opera release information from Profile: Late Payment Reporting

Pegasus have released the following statement regarding Opera 3 and Opera II:

“The government have recently confirmed that from 6 April 2017 large companies and limited liability partnerships will have to publish their payment practices, policies and performance on a half-yearly basis for financial years beginning on or after this date if they meet two or more of the following criteria:

• £36m+ Turnover
• £18m+ Balance Sheet
• 250+ Employees

It is expected that an online submission page will be available on the HMRC website before this date.”

If you meet two or more of the above criteria then you will require a version upgrade to the latest version of Opera 3/II to cater for these changes. Please contact your Account Manager to request the upgrade disc, or alternatively call us on 01442 236311 or email sales@profile.co.uk

For more information regarding Late Payment Reporting please refer to this government PDF

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