In April 2013 we saw the introduction of the Real Time Information (RTI) by HMRC.
RTI enables you to submit payroll information for each time your employees are paid. It is now nearly a year since this introduction and all seems to have gone rather well so far.
Recently some of you may have been receiving warning of late submission notices for RTI from HMRC please take notice of these as of April 2014 the HMRC will be introducing the fines for late submissions of these files, both Full Payment Submissions (FPS) and Employers Payment Summary (EPS)
From April HMRC are going to be introducting fines for late submissions of data being sent to HMRC
RTI Penalty Charges
Breakdown of charges
1 - 9 employees £100
10-49 employees £200
50-249 employees £300
250 employee and over £400
For more information about how the charges work please see the HMRC website or contact us on 03331 123456 and ask for a copy of our RTI update