UUÂãÁÄÖ±²¥

RTI penalties


Produced by Tolley in association with
Employment Tax
Guidance

RTI penalties


Produced by Tolley in association with
Employment Tax
Guidance
imgtext

HMRC had the power to impose penalties under the old reporting regime (P14, P35, etc) and this has continued under Real Time Information (RTI). Possibly owing to a recognition that RTI took a while to get up to speed in all areas (see Employer Bulletin June 2015, item 2), HMRC, at least at first, relaxed its stance somewhat, certainly with regards to the automatic imposition of RTI-related penalties.

Nevertheless, despite HMRC stating that it does not want to charge penalties and that it will issue electronic alerts to help employers meet their filing and payment obligations, penalties will be issued on a risk-assessed basis. This means that rather than issuing RTI penalties on an automated basis, the potential for penalties will be assessed individually, based on the employer’s overall compliance record. The risk-based approach was confirmed as still current in the HMRC Employer Bulletin: June 2022.

Penalties may be issued for late filing, late payment and / or filing incorrect returns.

Late filing

The guiding principle for employers under RTI is that the Full Payment Submission

Access this article and thousands of others like it
free for 7 days with a trial of Tolley+™ Guidance.

TAKE A FREE TRIAL
Vince Ashall
Vince Ashall

Payroll Consultant & Trainer at VA Payroll Services

Involved in payroll for more years than I care to remember! Initially in the NHS, where i oversaw the development of the NHS's bespoke payroll system (SPS Standard Payroll System), and latterly in the private sector.   Served for 13 years as a MNT for a private sector defined benefit pension scheme. Have had articles published in payroll publications and and provide updates for various publishers.   Fellow of the CIPP and gained a MSc in Payroll & Business Management in 2002. Now a self employed payroll and pensions consultant

Powered by
  • 15 Mar 2023 09:01

Home/ Tolley Tax Guidance/ Employment Tax / Enquiries, penalties and appeals

Popular Articles

Personal Tax

Transferable tax allowance (also known as the marriage allowance)

Transferable tax allowance (also known as the marriage allowance)What is the transferable tax allowance (marriage allowance)?From 6 April 2015, an individual can elect to transfer 10% of the personal allowance (£1,260) to the spouse or civil partner where neither party is a higher rate or additional

14 Jul 2020 13:52 | Produced by Tolley Read more Read more
Value Added Tax

Exemption ― burial and cremation

Exemption ― burial and cremationThis guidance note provides an overview of the VAT treatment of services that are provided in connection with the burial or cremation of human remains.VAT treatmentThe following services are exempt from VAT:•the disposal of the remains of the dead•making arrangements

14 Jul 2020 11:38 | Produced by Tolley Read more Read more
Corporation Tax

Qualifying charitable donations

Qualifying charitable donationsCompanies can obtain corporation tax relief for qualifying payments or certain transfers of assets to charity under the qualifying charitable donations regime. Definition of qualifying charitable donationThe definition of ‘qualifying charitable donations’

14 Jul 2020 13:03 | Produced by Tolley Read more Read more