HMRC delays RTI penalties
From 6 October 2014, HMRC was due to include smaller employers in the penalty regime for late filing of Real Time Information (RTI) payroll returns for 2014-15.
HMRC have announced that this penalty process will be delayed for a number of smaller employers.
They will now start from:
- 6 October 2014 for employers with 50 or more employees
- 6 March 2015 for employers with fewer than 50 employees
The size of the late filing penalties depends on the number of employees within the PAYE scheme.
|
Number of employees |
Penalty per PAYE scheme |
|---|---|
|
1 to 9 |
£100 |
|
10 to 49 |
£200 |
|
50 to 249 |
£300 |
|
250 or more |
£400 |
HMRC will use the latest information available to determine the number of employees, and the size of the filing penalty for each period where a return is late.
Latest News
- Green finance projects receive government backing - June 1, 2023
- Paying work-related expenses? Do not forget to claim - May 30, 2023
- The power of management accounting and cloud software for SMEs - May 25, 2023
- Rising cost of fuel and groceries fall under spotlight - May 23, 2023
- Government cash for industries to boost economy and cut emissions - May 18, 2023
- Millions of pounds saved as tide is turned on benefit fraudsters - May 16, 2023
- Tax change supports low-earning savers - May 11, 2023
- Restaurant and bar staff to benefit from new tipping law - May 9, 2023
