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News - 17 February 2015

Penalties for RTI filing delays announced by HMRC


HM Revenue & Customs (HMRC) has announced that employers who miss filing their RTI (Real Time Information) deadlines by no more than three days will not be subject to late-filing penalties

Late payment penalties will continue to be reviewed on a risk-assessed basis rather than be issued automatically.

In addition, to prevent the unnecessary penalties being issued, HMRC will be closing around 15,000 PAYE schemes next month that have not made a PAYE report since April 2013 and which appear to have ceased.

David Nelson of the Payroll Department of ABDS comments:
“HMRC is considering whether, and if so, how it should differentiate between those who deliberately and persistently fail to meet statutory deadlines or to pay what they should on time, and those who make occasional and genuine errors for which other responses might be more appropriate.”

However, firms employing 49 or fewer staff will be subject to penalties from 6th March 2015, while firms with 50 or more employees have already been subject to penalties since October 2014

If you need any help and advice with your PAYE, RTI or CIS, or looking to outsource your Payroll Department, contact ABDS NOW to discuss how we can help.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients and
mindful of their long term strategic goals

Helping Your Business is Our Business

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