Overcast

Overcast

max temp: 5°C

min temp: 4°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.

shares

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.”

shares

0 comments

Eddie the Eagle movie starring Taron Egerton and Hugh Jackman

It’s the ultimate underdog story – and one of Suffolk’s most famous sons has lent his songwriting skills to its big screen dramatisation.

The Belstead House in Pinweood, Ipswich.

Frustrated councillors who object to plans to build 155 homes in their parish are threatening legal action against planners.

A file picture of Suffolk Fire and Rescue Service.

Firefighters were called to a home in Springfield Road in the early hours.

Tim Passmore has vowed to tackle FGM

Police in Suffolk have said tackling Female Genital Mutilation (FGM) and sexual abuse is a key priority, and have vowed to take a “zero tolerance” approach to the issue.

Fun at Sutton Hoo this half-term

For more days out suggestions, see our packed Event guide in the paper every Friday or check out @WhatsonWayne on Twitter.

Remi Morrison is pictured at Pump and Grind in Ipswich.

Love is the theme this week as venues in Ipswich celebrate Valentine’s Day with live music spanning from blues, reggae, rock and soul.

Baklava granola

Charlotte Smith-Jarvis shares some of her favourite suggestions for a lazy weekend breakfast.

Ellen and her family

There is a nasty rumour going round the playground, writes Ellen Widdup.

Sleepless in Seattle

Instead of splashing out on an expensive meal this Valentine’s, why not have a romantic night in watching a themed film?

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Great British Life

Great British Life
MyDate24 MyPhotos24