Sting in the tail of recent RTI pilot
HMRC has announced it will ‘shortly begin 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.’
This will be a shock to many who took part in the pilot as the year end submissions were confused. It seems at odds with the principle of a pilot and the recent suspensions of penalties announced for users of a specific software provider.
If this will impact on you or your practice, please contact ACCA.