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September 2014

HMRC targets employers with fewer than 50 employees with RTI late payment penalties

HMRC have confirmed that from 6 March 2015, employers with fewer than 50 employees, will be subject to automated in year fines for late payment of PAYE.

Real time information (RTI) requires PAYE to be reported on or before the date payment is made, while changes should be reported as and when they occur.

HMRC will shortly issue employers with electronic messages to advise when the penalties will apply, based on the number of employees shown in the department's records.

Where employers believe they have a reasonable excuse for submitting a return late, they will be able to appeal using HMRC's new, online appeals process for automated penalties.  

In the run up to March 2015, HMRC will examine other ways to encourage employers to comply with the rules, in addition to financial penalties.

To discuss fulfilling your RTI obligations with one of our payroll specialists please contact 024 7651 8555.