Finance and Accountancy Briefing

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


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

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