Penalties for late PAYE filing

HMRC have started to roll out penalties to businesses for sending late RTI submissions each quarter, starting with April to June of this year.

For small businesses with less than 10 staff this is a minimum of £100 for every late submission. If you have more than 10 staff the minimum fine is £200.

If you receive a penalty this can be appealed if you believe they are incorrect and can prove your filing dates. More on how to appeal can be found here.

There is no penalty for the first time you make a late submission and there is also a three day ‘grace’ period after your payment date. If you do send an FPS after your payment date though you must let HMRC know why in the ‘Late reporting reason’ field in your payroll software.

RTI is not straightforward when it comes to making changes to pay either and it can be daunting knowing what to do.

If you are running your own payroll and would like some help, please get in touch with us and let us worry about making sure you are compliant and on time with HMRC.