HMRC allow more time to adapt to reporting in real time
Having listened to your feedback, HMRC is deferring the start of the new automatic in-year late payment and filing penalties for RTI returns due from employers for the tax year 2014-15.
They will now start from:
- 6 October 2014 for employers with 50 or more employees
- 6 March 2015 for employers with 50 of fewer employees
To avoid late filing penalties you must ensure all submissions due are fully up-to-date by 5th October 2014.