TaxSource Total

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

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

2013–2014 interim PAYE penalty letters issued in error

HMRC advise that they have sent a small number interim penalty letters for 2013-2014 in error.

HMRC’s analysis shows that this issue affects only employers who met their filing obligations for the tax year ending 5 April 2014 by sending:

  • a month 12 Full Payment Summary with zero financial values, declaring final submission for the year
  • a month 12 Employer Payment Summary (EPS) with zero financial values, whether or not declaring final submission for the year
  • a month 12 EPS claiming CIS deductions suffered
  • an Earlier Year Update with zero financial values

HMRC is updating the records of all employers affected and employers do not need to do anything.