PAYE penalties

Posted on 03 May 2023
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Avoid falling foul of PAYE penalties, warns HMRC say Harris & Co accountants Northampton  

 
HMRC has published guidance for employers about PAYE late payment penalties and how to avoid them

The guidance lists the PAYE payments that are subject to penalties when not paid in full and on time.

 
These include monthly, quarterly or annual PAYE; student loan deductions; and Construction Industry Scheme (CIS) deductions.

 
It also provides a table showing the penalty percentage to be applied to late payments depending on the number of defaults in a tax year.

 
The first failure to pay on time does not count as a default although on subsequent late payments daily interest will continue to accrue on all unpaid amounts from the due and payable date to the date of payment.

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