PAYE Late Filing Penalties

HMRC have published a helpsheet about the new late filing penalty regime that will commence from 6 October 2014.

Late filing penalties will apply:

Where a Full Payment Submission (FPS) has not been filed on or before the date an employer paid their employees, or where the employer has not told HMRC why their submission is legitimately late by using the late reporting reason field.

Where HMRC does not receive the expected number of submissions from the employer, (eg HMRC knows the employer is paying employees, but the employer has failed completely to send any FPS for a tax month, or a ‘nil’ EPS for that tax month).

The penalties for late filing range from £100 to £400 per month, depending on the number of employees. The helpsheet can be viewed via this link HMRC Late Penalty Helpsheet.

Tax does have to be taxing.

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