RTI penalties to be deferred
HMRC has recently announced a staggered start to the introduction of Real Time Information (RTI) penalties.
The new timetable for RTI penalties will stagger the start of the new in-year late filing and payment penalties. Originally, in-year PAYE penalties for late filing and late payment, and in-year interest were to be automatically imposed from 6 April 2014.
Under the new timetable, any in-year payments not made by the due date will be charged from April 2014, while late filing penalties and late payment penalties will start from October 2014 and April 2015 respectively.
HMRC said the new timetable will give them the opportunity to ensure that improvements to their internal systems are working, to learn more from them and to provide better customer support to employers who need more time to adapt.
Date: 14th March, 2014
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