The new penalty scheme came into force yesterday and HMRC will look to fine employers who don’t file their Real Time reporting on time. The introduction also came with an un-announced relaxation for employers with less than 50 employees.

The relaxation means that small companies will not incur a fine for late submission until 6th March 2015. From then onwards, all employers will be expected to report their information in line with RTI to avoid any penalties.

Penalties will vary dependent on company size, see our earlier post ‘RTI Fees to Commence from 6th October 2014’ for fee struture HERE…

Categories: Team4 News