This website uses cookies to ensure you get the best experience. Please read our policies for more information.

10 Chartered Accountants

News

Help at hand on PAYE late filing penalties
03 July 2014

HM Revenue & Customs (HMRC) has published new guidance for employers to help prepare for PAYE late filing penalties from October 2014.

HMRC launched the online helpsheet on the new penalties and appeals on 23 June in response to customer feedback.

In-year penalties for failing to file PAYE submissions on time will be introduced from 6 October 2014, so employers need to make sure all submissions due for all PAYE schemes are fully up to date by 5 October 2014.

The factsheet covers topics including the level of penalties and a relaxation in the PAYE reporting rules for employers with nine or fewer employees.

Link: The HMRC helpsheet

Other recent news

Planning your exit? Watch out for the BADR changes
20 March 2025

If you are thinking about selling your business, timing could…
Read more

Paying your employees will cost you more after 6 April
20 March 2025

From 6 April 2025, changes to employer National Insurance Contributions…
Read more

Why you need to meet with your accountant before April
20 March 2025

As the end of the tax year approaches, it is…
Read more

Upcoming Inheritance Tax changes that could affect you
20 March 2025

Upcoming changes to Inheritance Tax (IHT) will be phased in…
Read more

Time is running out to check for gaps in your State Pension!
20 March 2025

If you have had career breaks, worked abroad, or earned…
Read more

»

Case Studies