RTI penalties to be postponed

The commencement of Real Time Information (RTI) penalties for late filing and late payment is to be postponed, HMRC has announced. The penalties, which were due to be in place from  April 2014, will now commence in October 2014 and April 2015 respectively. The penalty for late settlement of in-year interest on any in-year payments will be introduced from April 2014 as planned. HMRC’s Director General  for Personal Tax Ruth Owen said: “This additional time will give us the opportunity to ensure that improvements to our internal systems are working, to learn from them and to provide better customer support to employers who require more time to adapt.”
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