Are you aware of the new rates and penalties from 5 April 2015
Standard Tax Code is 1060L
SMP/SAP/SPP weekly rate is £139.58
SSP weekly rate is £88.45
Penalties which are coming into effect from the 5th April 2015 for late or incorrect FPS submissions are as follows:-
1-9 employees £100.00
10 - 49 employees £200.00
50 - 249 employees £300.00
250 + employees £400.00
The penalties are per late or incorrect submission.
An incorrect submission is looking to be classed as an amended FPS submitted after the pay date.
Clients need to be warned to ensure they provide us with information on time, check and authorise payroll carefully and on time, so we can send the submissions and make amendments, if necessary, before the pay date. Amendments after the pay date should be reflected on the following months payroll.
Standard Tax Code is 1060L
SMP/SAP/SPP weekly rate is £139.58
SSP weekly rate is £88.45
Penalties which are coming into effect from the 5th April 2015 for late or incorrect FPS submissions are as follows:-
1-9 employees £100.00
10 - 49 employees £200.00
50 - 249 employees £300.00
250 + employees £400.00
The penalties are per late or incorrect submission.
An incorrect submission is looking to be classed as an amended FPS submitted after the pay date.
Clients need to be warned to ensure they provide us with information on time, check and authorise payroll carefully and on time, so we can send the submissions and make amendments, if necessary, before the pay date. Amendments after the pay date should be reflected on the following months payroll.
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