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Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

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Real Time Information: Miscellaneous

HMRC have issued a reminder of the PAYE payment position for employers reporting PAYE in real time and clarification on the end-of-year penalty position for those employers who took part in the 2012-13 Real Time Information pilot programme.

Due dates for payment remain unchanged. Cheque payments should be received by the 19th of the month following the end of the tax month of deduction, and cleared electronic payments by the 22nd.

As always, HMRC expect employers to pay in full by the due date. When making payment it is also advisable to take into account if the deadline falls on a weekend or bank/public holiday.

Payment in full is the:

  • total amount shown the Full Payment Submission(s) (FPS) for a tax month, including any corrections or adjustments submitted on or before the 19th of the following month
  • less the amount shown on any Employer Payment Summary (EPS), also submitted on or before the 19th of the following month

So, for example, the payment due for the month of August (the period between 6 August and 5 September 2013) will consist of the FPS, any amendments to those, plus any EPS, received by 19 September 2013. Amended FPS and EPS received after this date will be taken into account in the charge for the following month.

Employers should also use an EPS to tell HMRC that there is no FPS. Without it, HMRC will instead calculate what they believe is due and expect this to be paid in full. Further information is available on the HMRC website.

HMRC have also now begun issuing the equivalent of a P35 Interim Penalty Warning Letter to those employers who have not submitted:

  • A Full Payment Submission (FPS) or Employer Payment Summary (EPS) for 2012-13 with the ‘final’ declaration ticked.
  • An FPS or EPS declaring 2012-13 week 52 or month 12 payment information.
  • A 2012-13 Earlier Year Update (EYU) by 19 May 2013.

However to ensure that employers who took part in the pilot are treated in the same way as non-pilot employers, penalties will only start to be applied from 20 May 2013.

Pilot employers who have yet to submit returns for 2012-13 should do so as soon as possible to prevent further penalties applying. As the date of 19 April 2013 for submitting a final FPS has passed, pilot employers should instead submit an Earlier Year Update to make their final 2012-13 report. Full guidance is available on the HMRC website.