HMRC to issue penalties for late submission of PAYE returns

In the latest Employer Bulletin HMRC are warning that employers’ who fail to submit their PAYE submissions, Full Payment Submission (FPS) or where appropriate Employer Payment Summary (EPS) on time will face penalties.

The penalties are being introduced from October 2014. Penalty notifications will be issued on a quarterly basis. Please do get in touch for advice on PAYE matters