Under the Real Time Information (RTI) rules surrounding the online submission of payroll information, you can get a penalty if:
- your Full Payment Submission (FPS) was late
- you didn’t send the expected number of FPSs
- you didn’t send an Employer Payment Summary (EPS) when you didn’t pay any employees in a tax month
You should pay the penalty within 30 days of getting the notice - you’ll be charged interest if you don’t.
Alternatively, you will be able to appeal online against a filing penalty, using HMRC’s Online Service. You can appeal if you think:
- the penalty is not due
- the amount of the penalty is wrong
- you had a reasonable excuse for sending your reports late
Penalties for late payroll information were introduced for larger employers from 6th October 2014, but from 6th March 2015 employers with under 50 employees could also be subjected to these penalties.
Therefore, these smaller employers could receive their first late filing penalty if the 2014/15 Month 12 FPS late.
If you’re struggling to manage your payroll with the introduction of RTI and Auto Enrolment looming, contact your local TaxAssist Accountant who would be happy to look after your payroll affairs.