HMRC have confirmed that employers with fewer than 50 employees will face automated in-year penalties for late real-time PAYE returns from 6 March 2015, which is later than they had originally anticipated (6 April 2014 – https://www.gov.uk/government/news/hmrc-unveils-new-timetable-for-rti-penalties) . For those who employ 50 or more employees will face penalties from 6 October 2014.
You should shortly received an email from HMRC, if you haven’t already to let you know when the penalties will apply to you, based on the number of employees shown on HMRC’s records for your company.
So, what are these Penalties going to be:
If you fail to make a return on or before the filing date you will be liable to a penalty as follows:
- 1-9 employees – £100
- 10-49 employees – £200
- 50-249 employees – £300
- 250 or more employees – £400
If you are worried about reporting in real-time or any payroll matter please do get in touch and we will be happy to help.