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Glenn Collins, ACCA UK’s head of advisory services, and Brian Redford, head of the business engagement team at HMRC, discuss the introduction of the new late payment penalties for employers paying PAYE.

This podcast is one of a series from ACCA focusing on the key challenges that businesses are facing.

During this click here to play video PAYE penalties podcast Glenn and Brian discuss:

• The taxes that are included as part of the new system, who will be affected and the other changes that employers should be aware of.
• The timeframe for introduction, how the penalty system will work and examples of the penalties for late payments.
• The safeguards available for employers, HMRC’s definition of reasonable excuse and the process of penalty notification.
• HMRC’s improvements to the coding process and top tips for employers on avoiding PAYE penalties.

The PAYE penalties podcast is available to download here and a transcript accompanying this podcast is available here.

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