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HMRC anticipates in-year fines for late-filed returns
HMRC are to change their approach to updated penalty notices for late-filed returns for 2012/13 and 2013/14.
The department will not send a third fine notice (originally scheduled for issue at the end of last month) to employers who have so far failed to submit a 2012/13 document, which was due on 19 May 2013. Missing returns will be be pursued through the notices sent in September 2013 and January 2014.
The changes to the notices regime come as part of the transition to in-year PAYE real-time information penalties for late and non-filing, which will see the taxman soon urging businesses to submit the 2013/14 employer return that was due on 19 May 2014.
The Revenue are prepared to send a penalty notice in September to firms have still not filed their 2013/14 document – but further notices for outstanding 2013/14 returns will not be issued. Tax officials will continue to pursue outstanding returns, and will finalise a penalty upon receipt on the return.
The aim of the notices change is to avoid confusion between the current end of year penalties and the in-year fines that are due to start in October 2014, said HMRC. The first quarterly penalty notices are scheduled for January 2015.
