Chapter 3 - 3.5 - Penalties

Question 1

What does the common penalty regime for errors in returns apply to?

Answer 1

Errors in FPS submissions under RTI

Question 2

What is the penalty for a late FPS?

Answer 2

It depends on how many employees the PAYE scheme has - refer to tax table

Question 3

What do late payment penalties that apply for PAYE/NIC due during the tax year depend on?

Answer 3

The number of defaults in any 12-month period - refer to tax table

Question 4

What will the penalty for the first late payment be if it is less than 6 months late?

Answer 4

Nil

Question 5

How can late payment penalties be suspended?

Answer 5

If the taxpayer agrees a time to pay arrangement, unless this arrangement is then abused