"CDJ have offered us outstanding, friendly service. Excellent technical advice and are always there for us when we need them."
Uncomplicated advice is just a phonecall or email away:
t: 020 8867 5050 e: info@cdjltd.co.uk
Details on the penalties for late and inaccurate returns submitted via the new Real Time Information (RTI) system have been published by HMRC.
HMRC's programme director for RTI, Suzanne Newton, confirmed it will give most employers a year to get used to reporting in real time before implementing the new penalties.
RTI will require almost all businesses and pension providers to report their employee's PAYE payments such as tax and NICs on or before each pay day, as opposed to the end of each tax year.
Designed to simplify and modernise the way PAYE payments are recorded, the majority of employers will join RTI from April 2013, with all required to use the new system by October 2013.
According to the guidance:
The pilot programme of RTI has seen over 2.1 million individual records submitted from more than 15,000 PAYE schemes to date.
"Feedback from pilot employers is that reporting in real time is straightforward for the vast majority of them," said Suzanne Newton.
Further guidance on the penalties for RTI can be found on HMRC's website.
We can help with RTI and your PAYE needs. Please contact us to find out more.