Late Filing PenaltiesPublished 07/08/2015
HMRC have now issued the first in-year penalties notices to employers with fewer than 50 employees who missed the deadline for sending PAYE information to HMRC.
Rather than issue late filing penalties automatically when a deadline is missed, HMRC have announced that they will 'take a more proportionate approach and concentrate on the more serious defaults on a risk-assessed basis.'
This approach is in line with the likely direction of HMRC's general approach to penalties, outlined in the HMRC penalties: a discussion document which they issued earlier this year. HMRC have confirmed that this 'risk-based' approach will apply to submissions that were late from:
- 6 March 2015 for employers with fewer than 50 employees; and
- 6 January 2015 for employers with 50 or more employees.
Penalties for 2015/16 will also continue to be risk-based.
HMRC had previously announced that they will not be penalising minor delays of up to three days.
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