HMRC has provided some clarification over RTI pilot penalties and late returns after a number of AccountingWEB members set alarm bells ringing last week.
Member Kazmc raised the issue after learning from Sage that there will be penalties for late filing, despite being told there would be no penalties in the pilot other than if the 19 May deadline for year-end returns was missed.
After discovering that under RTI the deadline for submitting year-end returns was 19 April rather than 19 May under the old system, Kazmc assumed that as there would be no penalties for the first year of RTI, FPSs could be submitted late. But when they tried to subit month 12 FPSs and the end of year declarations, they had missed the 19 April deadline.
Sage advised Kazmc that...