Get low cost access to BACS with CreDec.
CreDec is the leading provider of BACS payment services for practice payroll in the UK. Our model offers the lowest cost access to BACS, and CreDec is the ICAEW’s appointed BACS partner for PAYE RTI.
HMRC’s recent best practice advice to employers underlines the importance of the BACS payment system in supporting Government policy reform. Only Direct BACS directly evidences payments to employees, minimising contact between employees and their employers regarding Universal Credit payments.
Paying employees by BACS also provides the only independent validation of employer PAYE data to HMRC. This is because Direct BACS utilises the hash code, linking FPS submissions to BACS payments.
Payroll Direct Credit from CreDec works seamlessly with your existing payroll operation and software to provide BACS payments to client employees.
RTI BACS payment files generated by payroll software are simply uploaded to your CreDec portal where they are submitted to BACS. CreDec also supports payment of PAYE and NICs to HMRC directly from our secure interface.
CreDec is authorised and regulated by the Financial Conduct Authority (FCA)
Company registered number 3156714. FSA registered number 543196