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PAYE & NIC Deadlines for HMRC - Penalties for late payment
25 Feb 2011
Filed in: Accountancy
HM Revenue & Customs have recently issued revised guidance in relation to penalties for late payment of PAYE & NIC's for employers.
The penalties are based on the number of times late in a tax year as follows: -
1 - No penalty as long as less than six months late
2-4 - 1%
5-7 - 2%
8-10 - 3%
11 or more - 4%
If you would like more information on the above or any other payroll matter, please contact Harrisons Accountants in Biggleswade on 01767 312696 or via email.
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