1538Finance and Accountancy Briefings

Finance and Accountancy Briefing

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Taxation briefing - December 2012: Real Time Information – the new penalty regime

Overview

Following consultation, the recently published Draft Finance Bill 2013 includes clauses setting out penalties for late filing and payment under Real Time Information (RTI). The good news is that the penalties will not apply until April 2014, giving employers time to prepare for the requirements.

Tags: RTI, Real time information, HMRC, Tax, Finance Bill 2013.

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