HMRC has introduced penalties for employers who report their payroll information late from:
6th October 2014 for employers with 50 or more employees
6th March 2015 for employers with fewer than 50 employees
What Penalties are charged
You can get a penalty if:
Your Full Payment Submission (FPS) was late
You didn’t send the expected number of FPS’s
You didn’t send the Employer Payment Summary (EPS) when you didn’t pay any employees in a tax month
HMRC won’t charge a penalty if:
You’re a new employer and you sent your first FPS within 30 days of paying an employee
It’s your first failure in the tax year to send a report on time (this doesn’t apply to employers with fewer than 50 employees for the tax year 2014-2015)
How much you pay
How much you pay depends on how many employees you have.
|Number of employees||Monthly penalty|
|1 to 9||£100|
|10 to 49||£200|
|50 to 249||£300|
|250 or more||£400|
If you’re over 3 months late you can be charged an additional penalty of 5% of the tax and NI that you should have reported.
If you run more than 1 PAYE scheme, you can be charged penalties for each.
If you would like to speak to our payroll department for further information, please contact Karen Laverty.