From 6th October 2014, HMRC introduce automated penalties for late in-year filing of RTI submissions. However, there is now a respite for small employers as HMRC have delayed these new penalties for employers with fewer than 50 employees until 6th March 2015. HMRC have sent electronic messages to all employers telling them when the penalties will apply to them, based on the number of employees shown on the Revenue’s records.
In the run up to March 2015, in addition to financial penalties, HMRC have said it will examine other ways to encourage employers to comply, although it has given no indication as to what these could be. The size of the penalties depend on the number of employees in the PAYE scheme: 1 to 9 will attract £100, 10 to 49 £200, 50 to 249 £300 and 250 or nore £400. HMRC has issued a downloadable helpsheet on penalties for late filing of PAYE in RTI.
If you do submit a late RTI submission, you must now include a late reason, which your payroll software should offer you.
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