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John M Taylor & Co | Accountants Paisley/Taxation/Vat Returns/Business Start Ups/Sage/Payroll/Bookkeeping

PAYE Penalties from 6 April 2014

HMRC are to introduce further interest and penalties for the late submission of PAYE RTI returns and for late payment of PAYE liabilities. The penalties will be introduced as follows:

  • April 2014 - in-year interest on any in-year payments not made by the due date
  • October 2014 - automatic in-year late filing penalties
  • April 2015 - automatic in-year late payment penalties

For further details on the new PAYE penalty regime please download our factsheet

If you would like any help with PAYE matters please do get in touch.

Internet link: Press release

Posted - 21/03/2014

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