As you are aware from 6th\u00a0April 2013 the Government introduced a new way of operating the Pay As You Earn (PAYE) scheme for most employers. The new system is called Real Time Information (RTI).<\/p>\n
We wrote about the changes in our November 2012 e-shot newsletter, and below is the link to the article<\/p>\n
Number of employees<\/span><\/strong><\/td>\n| Monthly penalty<\/span><\/strong><\/td>\n<\/tr>\n<\/thead>\n\n | 1 to 9<\/td>\n | \u00a3100<\/td>\n<\/tr>\n | 10 to 49<\/td>\n | \u00a3200<\/td>\n<\/tr>\n | 50 to 249<\/td>\n | \u00a3300<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n | If you\u2019re over 3 months late you can be charged an additional penalty of 5% of the tax and National Insurance that you should have reported. If you run more than 1 PAYE scheme, you can be charged penalties for each.<\/p>\n HMRC\u2019s \u201csoft landing\u201d has now come to an end and these penalties will be levied from 6th<\/span>\u00a0March 2015<\/span>.<\/strong><\/p>\n The new penalty regime does increase the risk that you will incur fines if the payroll processing is delayed or inaccurate.<\/p>\n Please do not hesitate to contact us<\/a> on 0161 832 4451 if you would like to discuss this matter further.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" |