Real Time Information (“RTI”) PAYE Penalties

BLOG9th Jan 2013

What will happen if an employer files returns late, makes a mistake on returns or pays HMRC late?

The new RTI PAYE system poses challenges for employers and HMRC has now published guidance on how penalties for 2012/13 and 2013/14 will be applied where a return is late or inaccurate. From April 2013, almost all employers and pension providers will be required to report PAYE in real time. This means that information about all PAYE payments needs to be submitted to HMRC online on or before the time employees are paid, rather than at the end of the year as they are now.

Please don’t hesitate to contact us for further information.

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