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PAYE RTI penalties

The new PAYE reporting regime is now live and it seemed sensible just to look again at penalties.

2012/13 tax year 

Provided the final submission of year end return is made by 19 May 2013, no late filing penalty will be levied.

For employers who were in the RTI pilot any corrections should be made by the final submission for 2012/13.  Where this is not the case the existing penalties for inaccurate returns can be levied. 

HMRC can already look back at the end of the year to see if an employer has failed to pay its PAYE on time on more than one occasion in the tax year.  Penalties will be charged on late payments.

2013/14 tax year 

Again there will be no penalties for late filing as long as the final return is received by 19 April 2014 and any amendment for 2013/14 by 19 May 2014.

However, penalties for inaccuracies can be levied in-year if HMRC considers there has been a failure to take reasonable care.

The position is set to change again for 2014/15 but I think we need to wait before being too firm on HMRC’s intentions!



Date: 4th April, 2013
Author: Cathy Corns


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