Partly Cloudy

Partly Cloudy

max temp: 21°C

min temp: 18°C

Search

East Anglia: More than 3,500 employers could face PAYE penalties, HMRC warns

09:00 21 March 2014

HM Revenue & Customs has warned employers not yet using its "real time" system for filing PAYE data that they face penalties if they miss the deadline for sending an annual return.

HM Revenue & Customs has warned employers not yet using its "real time" system for filing PAYE data that they face penalties if they miss the deadline for sending an annual return.

More than 3,500 employers in East Anglia which have yet to adopt the taxman’s new system for filing Pay As You Earn (PAYE) Income Tax data are being warned that they could face a fine.

HM Revenue & Customs (HMRC) is launching an email campaign targeted at employers who are not yet using the system to file PAYE returns as and when tax is deducted rather than at the year-end.

The Real Time Information (RTI) system, which began in Apil 2012 with a pilot scheme involving just 12 employers, is described by HMRC as the biggest change to the payroll system in more than 60 years.

It involves employers reporting PAYE deductions from salaries and wages and payments to HMRC at the time they are made rather than after the end of the tax year, which was previously the case.

HMRC says the change is designed to reflect the greater “fluidity” of the modern labour market and to ensure that the right amount of tax is being taken at source, so also improving accuracy for employers and employees.

However, although RTI is now being used to file 99% of all PAYE returns, 3,536 employers in East Anglia still have yet to start using the system. If they don’t send HMRC their PAYE information by May 19, they face a penalty of at least £100, with the penalty depending on the number of employees and the length of time involved.

Ruth Owen, HMRC’s director general for personal tax, said: “Over 99% of PAYE records are being successfully reported in real time and the majority of businesses say they find the new system easy to use.

“So those who have not begun using the system should not stick their heads in the sand. They need to act now to ensure that they don’t get a penalty at the year end.”

0 comments

The Olympic Stadium in Rio.  Photo: Martin Rickett/PA Wire.

A sports hospitality boss arrested by police in Rio over an alleged ticket touting operation is due to be released from preventative detention, his company has said.

England manager Alf Ramsey and captain Bobby Moore with the Jules Rimet Trophy.

It may be 50 years since Sir Alf Ramsey’s England team won the World Cup - and even longer since he led Ipswich to win the First Division title in their debut season - but affection for the man and what he achieved remains undimmed in his adopted county of Suffolk.

Cancellations on rail line between Marks Tey and Sudbury

Trains were cancelled between Marks Tey and Sudbury this afternoon due to fallen tree on the line.

The George Inn, Wickham Market

Community leaders are pushing for the compulsory purchase of a fire damaged Suffolk pub to save it from being torn down.

Emergency services attended the crash

A motorcyclist in his 30s has died after a crash in Lynford, near Thetford last night.

The service will help people suffering with depression

A new service offering people easier access to support for anxiety, stress and depression, as well as advice on wellbeing, launches next week.

Ed Sheeran on the Main Stage at the Isle of Wight Festival. Photo credit: Peter Byrne/PA Wire

Songs by Suffolk superstar Ed Sheeran have proved the most popular among airport passengers after being included on a playlist designed to provide a “positive distraction” through security search areas.

Dog-friiendly days out

Looking for a family day out for you and your four-legged friends? See our list of ten top dog-friendly days out in Suffolk.

In the Middle Ages Ipswich was not without schools, there is firm evidence of a grammar school as early as 1477 and probably as far back as 1399. This school received its Charter from Queen Elizabeth I in 1566 and went through a number of guises before it became, what is now, Ipswich School. The school buildings are on Henley Road but have previously been in Foundation Street and Blackfriars Monastery.

Police are searching for the woman

A 48-year-old woman has been found safe and well after going missing from Lowestoft.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

MyDate24 MyPhotos24