PAYE RTI penalties to remain risk-based

Following a review, HMRC has decided to continue the risk-based approach to PAYE late filing and late payment penalties for employers throughout the 2019/20 tax year with penalties due to go out from September.

This means that late filing and late payment penalties will be considered on a risk-assessed basis rather than being issued automatically. HMRC has confirmed that penalties for 2019/20 will be issued from September 2019.

Read more at the Accountancy Daily.