We posted a blog in April about the consequences of making payments of PAYE after the 19th or 22nd of the month but we feel that this is so important that we are providing further details to help you in this area.
Firstly, the payment must have actually cleared the Revenue’s bank account by the 19th or 22nd of the month.
When there have been two or more late payments, the employer is risk assessed and selected for a review. Where your PAYE payment patterns or other information show that the liabilities have not been paid promptly you will be contacted by an Officer. They will check to confirm that the defaults are in fact correct and it will not be until May 2011 before any penalty notice is issued!
The Revenue have more details and FAQ’s at:
http://www.hmrc.gov.uk/paye/problems-inspections/late-payments.htm#2
Firstly, the payment must have actually cleared the Revenue’s bank account by the 19th or 22nd of the month.
When there have been two or more late payments, the employer is risk assessed and selected for a review. Where your PAYE payment patterns or other information show that the liabilities have not been paid promptly you will be contacted by an Officer. They will check to confirm that the defaults are in fact correct and it will not be until May 2011 before any penalty notice is issued!
The Revenue have more details and FAQ’s at:
http://www.hmrc.gov.uk/paye/problems-inspections/late-payments.htm#2
