Based on what we see on a day to day basis here at Keytime, there are still a lot of FPS submissions not being made on time. Come October this is going to get very costly.
The fine is based on the number of employees in the company according to HMRCs records at the date of issue:
Number of employees
Amount of the monthly filing penalty per PAYE scheme
1 to 9
10 to 49
50 to 249
250 or more
Remember, the FPS must be submitted on or before the date of payment; this date is always contained in the FPS. The payment date shouldn’t be confused with the processing date. For example, if you process the payroll on Monday, and you pay employees on Friday, take care to select Friday as the payment date and ensure you submit the FPS on or before Friday to avoid a fine.