HMRC are to introduce further interest and penalties for the late submission of PAYE RTI returns and for late payment of PAYE liabilities. The penalties will be introduced as follows:

  • April 2014 - in-year interest on any in-year payments not made by the due date
  • October 2014 - automatic in-year late filing penalties
  • April 2015 - automatic in-year late payment penalties

If you would like any help with PAYE matters please do get in touch.

Internet link: Press release