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HMRC is applying late payment interest even if you are not late!

2014
28
MAY

Have you noticed that HMRC are now charging late payment interest on PAYE and CIS payments which have not been made by the 19th of the month?  So if you pay your PAYE electronically and pay between 20th and 22nd the employer dashboard will show that you are being charged late payment interest.

As long as you pay by 22nd the late payment interest will be removed.

Another case of "guilty until proven innocent"!

For more information visit HMRC website.

Related Tags:  CIS |  HMRC |  PAYE | 
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