HMRC News: Real time information penalty deadlines relaxed

HMRC has pushed back the deadline by when automatic penalties will begin to apply for in-year late filing of Real Time Information payroll returns, or the late payment of related taxes.

Overdue filing will now not incur an automatic penalty until October 2014, with late payment penalties commencing in April 2015.

This is to afford employers that are struggling with the new requirements more time to adapt to the RTI rules and procedures but also to allow longer for HMRC to improve RTI systems and guidance.

Interest on late in-year payments will however commence in April 2014.

Posted by John Hoskin