Late PAYE return penalties delayed for small businesses

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HM Revenue and Customs (HMRC) announced that employers with fewer than 50 employees will not face automated in-year penalties for late real-time PAYE returns until 6 March 2015.

This has been delayed from the original timescale which saw the penalties due to start this October. However, employers who employ 50 or more people will still face penalties from 6 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 department’s records.

Where employers believe they have a reasonable excuse for sending 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.

Find Out More

Do you find you are continually missing the RTI deadline, or are you unsure how this affects you? Get in touch with Nine Ashes Bookkeeping to see how we can help.

Nine Ashes Bookkeeping is an independent accounting and bookkeeping firm based near Ongar, Essex. We provide payroll services to small and medium sized businesses in Essex – serving the Brentwood, Chelmsford, Billericay, Harlow, Epping, Ongar and Ingatestone areas. Our team consists of a Chartered Accountant and a qualified bookkeeper with over 10 years experience in the business. We are a friendly, professional firm and enjoy helping our clients succeed and grow.