DMBM519520 - Debt and return pursuit: PAYE RTI: penalties: penalties charges for inaccurate RTI returns

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Under Section 24 Finance Act 2007, penalties can be charged for inaccuracies surrounding submissions of RTI, CIS and PAYE returns.

»Ê¹ÚÌåÓýappse penalties will be raised by Compliance and will appear in the AMC Contract Account on ETMP. »Ê¹ÚÌåÓýappy will be sent to IDMS after the appeal period has lapsed.

Penalties for inaccuracies are chargeable for a tax period. A tax period is either:

  • a tax year
  • an accounting period
  • any other period for which tax is charged or due.

A tax liability may arise for a single day and from a single action. For example, an Inheritance Tax liability may arise as a result of a person’s death. »Ê¹ÚÌåÓýapp date of death is a tax period.

Refer to the technical guidance for the specific tax or duty if you are unsure about what is a tax period.