Changes to the RTI penalty regime have been announced.
It’s good news for small employers (less than 50 employees) who now will not be charged penalties for late reporting of RTI until 5th March 2015.
Last month there was an extension for Micro employers (1 to 9 employees) which means that penalties for them will not apply until 5th April 2016. It’s bad news, however, for large employers (50 or more employees) who will now face late filing penalties from 6th October 2014.
- Full details can be found on HMRC website.
For further advice or discussion on our payroll services, please contact Ben Revell, our Head of Payroll.
