Milsted Langdon is recommending that its clients look at new guidance for employers published by HM Revenue & Customs (HMRC) to help them prepare for PAYE late filing penalties from October 2014.
HMRC launched the online helpsheet on the new penalties and appeals on 23 June in response to customer feedback.
In-year penalties for failing to file PAYE submissions on time will be introduced from 6 October 2014, so employers need to make sure all submissions due for PAYE schemes are fully up to date by 5 October 2014.
The factsheet covers topics including the level of penalties and a relaxation in the PAYE reporting rules for employers with nine or fewer employees.
However, the most effective way to ensure that you are meeting your PAYE obligations is to outsource your payroll, leaving you free to concentrate on running your business, safe in the knowledge that everything is being taken care of. To find out how Milsted Langdon’s dedicated payroll bureau can help your business, please contact us.
Link: The HMRC helpsheet