LATE FILING PENALTIES TO BE DELAYED FOR SMALL EMPLOYERS Penalties for late filing of Real Time Information (RTI) returns were due to come into effect for all employers from 6 October 2014. However, this now only applies to employers with 50 or more employees. For employers with less than 50 employees, the start date for …
In April 2012 HM Revenue & Customs (HMRC) started a pilot scheme for PAYE – RTI (Real Time Information). The aim of RTI is to improve the accuracy of PAYE, submitting information electronically to HMRC every time employees are paid, instead of submitting it at the end of the tax year using the P35/P14. P11D’s and …