Home For accounting professionals General accounting discussion
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚


HMRC announces staggered penalties timetable for RTI

StuartWStuartW Online Community ManagerLondonRegistered Posts: 472
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

Comments

  • Gem7321Gem7321 Experienced Mentor DevonMAAT, AAT Licensed Accountant Posts: 1,438
    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).
Sign In or Register to comment.