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RTI, Employers and the inevitability of penalties

RTI – Real Time Information – will force employers, large and small, to report payments to employees to HMRC up to 53 times a year – depending on the frequency of payment of wages – and of course if they fail to do so they WILL be penalised, on a sliding scale of 1% to 4% of the tax due for the periods where default occured.  They may be interested in the press release from HMRC released yesterday –

Delay in publication of National Statistics on Income Tax deducted from pay (Table 2.10)

The update to table 2.10, Pay-As-You-Earn tax deducted from pay, by industry, that was scheduled for 28 March 2013 has had to be postponed to 30 April 2013.

The core data extract has been delayed and there is no longer sufficient time to complete validation and assurance processes to meet the March publication deadline. It is expected the data will become available shortly and in time to meet the April publication deadlines.

March 2013

I wonder if HMRC will be as understanding…

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One response to “RTI, Employers and the inevitability of penalties

  1. Pingback: RTI, Employers and the inevitability of penalties | taxationpodcasts

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