HMRC Is Shite

HMRC Is Shite
Dedicated to the taxpayers of Britain, and the employees of Her Majesty's Revenue and Customs (HMRC), who have to endure the monumental shambles that is HMRC.

Tuesday, 24 June 2014

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.

    Professional Cover Against the Threat of Costly TAX and VAT Investigations

    Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

    Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

    However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

    What is Solar Tax Investigation Insurance?

    Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

    To find out more, please use this link Solar Tax Investigation Insurance



    HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

    No comments:

    Post a Comment