Important changes to the penalty regime on payroll
From 6th April 2010 HMRC have imposed new penalties where tax is paid late to them on PAYE and associated deductions. These are on the HMRC website at www.hmrc.uk/page/problems-inspections/late-payments.htm.
Although some of these penalties may not be enforced this tax year the legislation is in force to enable monthly penalties to be levied. Furthermore all P35's will be reviewed at the end of the year and penalties will be charged and where HMRC believe that insufficient regular payments have been made.
Please contact us for further advice if you think that there will be any delay in making your PAYE payments on time.
