Commentary

A6.921 Introduction to interest and penalties

Administration and compliance

A6.921 Introduction to interest and penalties

Interest and penalties

A6.921 Introduction to interest and penalties

If an employer fails to make a payment on time, HMRC will charge interest. Similarly, if a return is submitted late or an error is made, HMRC may charge a penalty. From 6 April 2010 HMRC may charge a penalty for late payment of monthly PAYE1, see A4.532. This also applies to the apprenticeship levy.

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