Penalties for late PAYE submissions

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From October, HM Revenue & Customs (HMRC) will begin to charge in-year penalties for late PAYE filing and are highlighting the importance of reporting accurate information on time to avoid penalties.

RTI deadline

The normal deadline for sending payroll information is on or before the day you pay your employees. If you use a payroll provider, you will need to ensure you send them your payroll information in good time to meet the deadline.

There are a few exceptions to this deadline – which you can learn more about in HMRC’s report, Running payroll – Sending an FPS after payday guidance.

Updated Generic notifications

Up until now, HMRC has been sending Generic Notification Service (GNS) messages to help employers avoid penalties in the future, however from October, if you receive a non-filing or late filing GNS, it will mean that according to HMRC’s records you have either sent a submission in late or failed to send one in at all, and you may be liable to a penalty.

Penalty notices

Penalty notices will be sent by post quarterly, showing the penalty amounts due for any filing failures in that quarter. They will include information on how to appeal if you think it is incorrect or had a reasonable excuse for the failure.

Leave it to us

Does this all sound like one big headache? That’s where Nine Ashes Bookkeeping can be of help. We will make sure the correct information is submitted on time, giving you peace of mind that you will never be faced with a pesky penalty.

We provide payroll services to small and medium sized businesses in Essex – serving the Brentwood, Chelmsford, Billericay, Harlow, Epping, Ongar and Ingatestone areas.

Get in touch today if you’d like to discuss our payroll services and how we can be of help to you and your business.