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The UK’s smallest employers have been granted a temporary stay of penalties for late-filed PAYE returns, as all other firms face a new system of financial sanctions
The real-time information regime of automated in-year fines begins on 6 October and will affect all businesses except those with fewer than 50 members of staff, which will not be subject to charges until 6 March 2015.
The UK’s smallest employers have been granted a temporary stay of penalties for late-filed PAYE returns, as all other firms face a new system of financial sanctions
The real-time information regime of automated in-year fines begins on 6 October and will affect all businesses except those with fewer than 50 members of staff, which will not be subject to charges until 6 March 2015.
Colin Ben-Nathan of the Chartered Institute of Taxation said the time extension made sense for small employers “because they have very limited resources, which are primary geared to servicing their clients and customers”.
HMRC will inform employers when and what penalties apply, based on the number of employees shown in the tax department’s records. Firms will be able to claim reasonable excuse to appeal via an online service against penalties, which will be issued quarterly.
The Revenue still has work to do to ensure the accuracy of automated generic notification messages to employers, said Colin Ben-Nathan. “An improvement in the accuracy of the late filing, non-filing and late payment messages would not only reduce the volume of penalties issued in error, but would also reduce the number of appeals.”
