Automatic RTI penalties delayed for small companies
HMRC has announced that the introduction of automatic penalties for late RTI submissions will be delayed another five months for small employers.
Under the revised timetable announced back in February, automatic penalties were due to start from 6 October. This date will still apply for companies that employ 50 or more people, but smaller companies will get an extra five months until the automated regime starts to bite from 6 March 2015.
The Revenue said it will send electronic messages to all employers shortly to let them know when the penalties will apply to them, based on the number of employees shown in the department’s records.
If you have any queries of concerns, please contact Lesley at EC Outsourcing.