RTI Penalties Introduced

HMRC suspended any penalty charges relating to PAYE returns to allow for the new RTI regime to settle in. They have now announced that penalties for late returns will be introduced for companies employing more than 50 people from October 2014. Penalties for companies with less than 50 employees will be introduced from March 2015.

We file these returns for you every payroll run to avoid penalties being charged but this does highlight the importance of receiving your payroll information in good time to ensure that your payroll is processed and returns filed with HMRC at the correct time.