RTI penalty guidance

HMRC has published guidance for employers on the penalty position for late and inaccurate PAYE returns submitted in real time for 2012/13 and 2013/14. For employers operating PAYE in real time, there will be no change to the penalties for late filing of returns for the tax years 2012/13 and 2013/14.

The current penalty regime will continue to apply at the tax year end. There will be no penalties if in-year Full Payment Submissions (FPS) are submitted late. Employers and pension providers must submit an FPS ‘on or before’ they pay an employee or pensioner.