RTI Penalties Start October 2014
Earlier this year, HMRC announced that the penalties for late returns of payroll information (RTI) would start from October 2014 instead of April 2014. If you operate your own payroll, make sure that your RTI submissions are made on time to avoid an automatic penalty.
Remember that the RTI submission should normally be made on or before the date when the wages or salaries are paid to the employees.
If you find yourself spending precious time processing payroll or you are getting warning notices from HMRC, you should consider passing the payroll service to a professional. What takes you 2 hours, will take them 30 minutes and what could you be doing with that time? Spending time with your kids, playing golf, working on your business, generating sales? How much is your time worth? Payroll processing costs from £10 per month. Contact me for a quote