RTI penalty delay for small businesses

Small businesses will be exempt from an RTI penalty until March 2015, HMRC has announced.

HMRC will phase in quarterly penalties for late RTI returns by business size, starting with those who employ 50 or more staff on 6 October 2014. Businesses with 49 or fewer employees will have until 6 March 2015 before penalties are issued. HMRC said it will notify all employers about when penalties for late filing will be introduced.

If you still need help with RTI, need RTI penalty delays explained or want someone to run your payroll, contact us today.

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