ACCA TX ^UK Syllabus B. Income Tax And Nic Liabilities - RTI reporting - Notes ^{12 / 12}

Employers must send income tax and NIC information to HMRC electronically every time employees are paid

and make their PAYE payments electronically on the 22nd of the month under the Real Time Information reporting system.

• There are penalties if submissions made during the tax year are made late, though there is no penalty for the first month in a tax year that submissions are paid late.

• Thereafter a monthly late filing penalty of between £100 and £400 is charged depending on the number of employees. 

  An additional penalty of 5% of the tax and NIC due may be charged where the submission is more than 3 months late.