Payroll – RTI Penalties

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 […]

Tax Return Deadline

HMRC have been reminding everyone through radio, TV and the newspapers that the filing deadline for 2012/13 tax returns is 31st January 2014.

If your tax return is not received and accepted by HMRC prior to this date then a penalty of £100 will be charged even if there is no tax to pay. Any tax liabilities must also be paid […]