New penalties for late returns!

HMRC Announces Plans for Penalties!

18th September 2014

HMRC have announced how automated in-year penalties for late real-time PAYE returns will be phased in. The HMRC announcement says that:
Employers with fewer than 50 employees will face automated in-year penalties for late real-time PAYE returns from March next year Those who employ 50 or more people will face penalties from 6th October 2014.

HMRC will send electronic messages to all employers shortly to let them know when the penalties will apply to them, based on the number of employees shown in the departments records.



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