The Insolvency Service is planning to upgrade its finance systems to meet the demands of the Government’s Redundancy Payments Service (RPS).
It has notified potential suppliers that it is looking for support in the project with a potential spend of £18.7 million.
The organisation has published a prior information notice stating that its existing Business World finance system does not fully meet the needs of the RPS and that the calculation engine needs a review for apply payments to be calculated correctly.
Changes are also needed to improve the accuracy of reporting, submission of real time information to HM Revenue and Customs (HMRC) and to achieve improvements.
Among the priorities identified in the notice are to ensure the Insolvency Service “complies with HMRC's guidance on the correct application of tax and national insurance in the Redundancy Payments Service through a digital solution”.
It adds: “Key objectives include addressing data gaps by making changes to the RPS online application and IP Upload Service, customising the case management system to handle new data.”
