HMRC announces staggered penalties timetable for RTI

StuartW

There will be a staggered start to the introduction of Real Time Information (RTI) penalties, HM Revenue and Customs (HMRC) announced today.

The new timetable will be:

· April 2014 - in-year interest on any in-year payments not made by the due date

· October 2014 - automatic in-year late filing penalties

· April 2015 - automatic in-year late payment penalties

Read the full press release here: http://www.mynewsdesk.com/uk/hm-revenue-customs-hmrc/pressreleases/hmrc-unveils-new-timetable-for-rti-penalties-960361

Gem7321

It's interesting that HMRC seem to be putting the majority of the reasoning for this measure on employers who still need to adapt, rather than all the technical system errors they have experienced (which are still continuing).