You might also be interested in
Replies (7)
Please login or register to join the discussion.
Typo
The penalty will be £100 per 50 employees for each month or part of the month the "returning" is outstanding from 20 May 2014 to 19 September 2014.
PAYE Penalties
I understood that all RTI penalties for late returns were suspended until October 2014 -- have I got the wrong end of the stick?
PAYE penalties
https://www.gov.uk/government/news/hmrc-unveils-new-timetable-for-rti-pe...
The above link provides the timetable for penalties published in Feb 2014.
Why so low.
So for messing up the benefits of a 50, including over and under payments the empoyer is only charged £100. This is FAR too low.
Just think of the time any employee on universal credit will have to spend on the phone due to their employer filing late!
Late filing
Maybe it is time that everybody was responsible for their own Tax returns etc & employers Only Pay out Gross with no deductions for student Loans,Child Benefit, pensions,going to the dentist etc.
Alternatively
The Burden on Employers especially small business is Just Ridiculous & maybe it is time that
Inland Revenue/Government took responsibility for making wage payments etc & deduction the Gross due by the employee (at no cost). Then they they can charge themselves when they
get it wrong.
Or maybe
Each person have one “gross” bank account (from an approved bank of their choose)All employment income must be paid into that bank accountThe bank must work out the persons employment taxes, student load, count ordered payments etc and then deduct them from each payment into the account.
OR
The employer tells the Inland Revenue what the persons wages are,The Inland Revenue informs the employer within seconds how much to pay the personThe Inland Revenue provides a PDF to the employer to explain the above to the employee.One payment is made by the employer to the Inland Revenue that is then divided up to cover employment taxes, student load, count ordered payments etc