Time to Make Sure your PAYE Payments are Made on Time

by | Jun 24, 2014 | Accountancy | 189 comments

It has been long-threatened, but the introduction of in-year interest being charged by HMRC on late payments of PAYE and National Insurance Contributions is now a reality. The change came into effect from the start of the 2014/15 tax year and means that from 20th May 2014 any payments that are late (i.e. after the 19th of the following month or 22nd if paid electronically) will be subject to an interest charge at a rate of 3{af331c3cb52abe27a47f1f5b71fb5068c938efb8d5a4e6cddc7f2780f48bb99c} per annum from the date payment is due to the date that it is paid in full. This interest will similarly be charged on late payments of Construction Industry Scheme charges. Previously, HMRC had not charged interest on late-payments provided that the payments were brought up to date by 19th April following the end of the tax year but unfortunately that grace period no-longer applies so it is more important than ever that you make your payments on time. Annual payments such as the payment of Class 1A and Class 1B National Insurance Contributions will continue to to be charged interest on any amounts which remain unpaid after the annual due date.

On a brighter note, HMRC has indicated that in-year interest will also be paid to employers in the event of over-payments being made where an employer makes a payment and the charge is subsequently reduced. This will happen regardless of whether the over-payment is repaid or simply reallocated against a later charge. Unlike other changes that have been made regarding PAYE and CIS recently where there has been one set of rules for the taxpayer and one for HMRC, it at least appears that there will be an even-handed approach in this respect.

189 Comments

  1. viagra pills on 07/01/2021 at 1:21 PM

    A lot of thanks for each of your hard work on this web page. Kim really likes going through investigation and it’s really easy to understand why. Many of us know all of the dynamic method you make powerful strategies on this web blog and as well as improve participation from people on that issue so our girl is in fact learning a lot of things. Have fun with the remaining portion of the new year. You are conducting a really good job.

  2. purchase cialis on 07/01/2021 at 9:48 PM

    I am commenting to let you know of the fine encounter my cousin’s daughter experienced reading your site. She even learned many issues, not to mention what it’s like to have a wonderful giving mindset to have many people quite simply grasp chosen hard to do subject areas. You really exceeded our expectations. Many thanks for giving the insightful, healthy, educational and as well as easy thoughts on the topic to Jane.

  3. fluvoxamine tablets on 08/01/2021 at 12:31 PM

    I happen to be writing to make you understand what a useful experience our princess went through visiting yuor web blog. She realized too many things, with the inclusion of what it is like to possess an incredible teaching style to make the rest without problems understand various very confusing topics. You undoubtedly surpassed visitors’ expected results. Thanks for supplying those warm and helpful, trustworthy, revealing not to mention unique tips on your topic to Tanya.

  8. Ahkdendus on 07/02/2021 at 9:45 PM

    canadian pharmacy certified canada pharmacy online Viagra buy prescription drugs from canada

  23. RandyGAX on 08/03/2021 at 1:26 PM

    india pharmacy mail order cheap tadalafil

  24. Michaelsic on 09/03/2021 at 9:22 AM

    generic drugs without doctor’s prescription usa pharmacy india

  26. Michaelsic on 10/03/2021 at 8:18 AM

    generic drugs without doctor’s prescription: https://genericwdp.com/ generic pills for sale

  30. Jeffreynobia on 12/03/2021 at 7:53 AM

    over the counter viagra viagra 100mg price
    best place to buy generic viagra online

  31. Waynenet on 12/03/2021 at 12:21 PM

    viagra over the counter viagra from india
    where can i buy viagra over the counter

  32. Jeffreynobia on 13/03/2021 at 6:32 AM

    over the counter viagra order viagra online
    viagra from india

  33. Waynenet on 13/03/2021 at 10:59 AM

    best place to buy generic viagra online viagra from india
    where to buy viagra online

  37. Jeffreynobia on 15/03/2021 at 2:57 AM

    mexican viagra buy real viagra online
    best place to buy generic viagra online

  38. Waynenet on 15/03/2021 at 7:16 AM

    best place to buy generic viagra online viagra discount
    when will viagra be generic

  39. StanleyNaild on 16/03/2021 at 10:03 AM

    where can i purchase zithromax online zithromax cost uk

  41. StanleyNaild on 17/03/2021 at 9:09 AM

    generic valtrex online without prescription how to order valtrex

  42. Ricardopon on 17/03/2021 at 12:43 PM

    price of medicine valtrex cost of valtrex in india
    anti fungal pills without prescription

  47. Thomaszep on 20/03/2021 at 12:34 PM

    viagra without a doctor prescription https://viagrapills100.com/ best place to buy generic viagra online

  49. Elmerneask on 22/03/2021 at 6:47 AM

    buy ed pills best ed pill
    best drugs for erectile dysfunction

  50. MarvinSpela on 22/03/2021 at 10:37 AM

    cheap ed pills from canada order ed pills
    order ed pills

  51. MarvinSpela on 23/03/2021 at 9:17 AM

    cheap ed pills in mexico ed pills online
    errectile dysfunction

  54. MarvinSpela on 25/03/2021 at 7:42 PM

    can you buy zithromax over the counter in australia: generic zithromax – zithromax tablets

  55. MarvinSpela on 26/03/2021 at 8:23 PM

    hydroxychloroquine name brand: generic plaquenil – plaquenil price in india

  57. MarvinSpela on 27/03/2021 at 9:15 PM

    prednisone in india: generic prednisone – how to get prednisone without a prescription

  59. MarvinSpela on 28/03/2021 at 6:55 PM

    plaquenil where to buy: generic plaquenil – plaquenil 250

  63. Scottabino on 31/03/2021 at 2:59 AM

    http://zithromaxproff.com/# zithromax 500mg price in india
    can you buy zithromax over the counter

  65. Franktix on 01/04/2021 at 10:23 PM

    buy chloramphenicol: suprax for sale
    minocycline capsules

  66. Franktix on 03/04/2021 at 12:04 AM

    buy nitrofurantoin generic: panmycin online
    zyvox generic

  69. CharlesFruse on 04/04/2021 at 11:55 PM

    cheap online pharmacies from india: india pharmacy drugs india pharmacy drugs

  72. Alfreddaw on 08/04/2021 at 2:33 PM

    best erectile dysfunction pills: cialis pills online cialis pills

  73. Billyplods on 08/04/2021 at 3:59 PM

    levitra pills: ed meds ed meds

  74. Billyplods on 09/04/2021 at 6:57 PM

    order erectile dysfunction pills: cialis ed pills cialis pills

  75. Alfreddaw on 09/04/2021 at 10:03 PM

    best erectile dysfunction pills: ed meds ed meds

  78. asmr https://0mniartist.tumblr.com on 10/04/2021 at 3:40 PM

    Hello there! Do you use Twitter? I’d like to follow you if that
    would be ok. I’m undoubtedly enjoying your blog and look forward to new posts.
    asmr 0mniartist

  80. Jamesgrinc on 11/04/2021 at 10:44 AM

    no prescription viagra viagra prescription buying viagra online without prescription

  81. 0mniartist on 12/04/2021 at 3:43 AM

    I visited several websites except the audio feature for audio songs existing at
    this web page is truly marvelous. asmr 0mniartist

  84. asmr https://0mniartist.tumblr.com on 14/04/2021 at 5:41 AM

    Do you have a spam problem on this website; I
    also am a blogger, and I was wondering your situation; many of us have created some nice procedures and we
    are looking to swap methods with other folks, why not shoot me an email if interested.
    0mniartist asmr

  87. http://bit.ly on 15/04/2021 at 1:10 AM

    A person necessarily help to make significantly posts I might state.

    That is the first time I frequented your website page and so far?
    I surprised with the analysis you made to create this actual put up
    incredible. Fantastic task! 0mniartist asmr

  91. bit.ly on 16/04/2021 at 5:29 AM

    Excellent pieces. Keep writing such kind of info on your site.

    Im really impressed by it.
    Hey there, You have performed a great job.
    I will certainly digg it and individually recommend to
    my friends. I’m sure they will be benefited from this site.
    0mniartist asmr

  93. online payday loans canada on 17/04/2021 at 6:50 AM

    Wow, wօnderful blog layoᥙt! How long have үоu been blogging for?
    you madе blogging ⅼook easy. The overall look oof your website is
    magnificent, leet alopne the content!

    Here is mү web blog :: online payday loans canada

  98. RafaelSen on 17/04/2021 at 10:55 PM

    lasix 20 mg: buy lasix – lasix 40 mg

  99. instagram türk beğeni satın al on 18/04/2021 at 9:09 AM

    Hello, i think that i saw you visited my site so i came to “return the favor”.I am trying to find things to improve my website!I suppose
    its ok to use a few of your ideas!!

  100. RafaelSen on 18/04/2021 at 8:49 PM

    erectile dysfunction pills: erection pills – men’s ed pills

  101. Robertfaips on 19/04/2021 at 2:56 AM

    lasix: lasix – generic lasix

  102. RafaelSen on 19/04/2021 at 6:41 PM

    generic paxil: cheap paxil – paxil 5 mg

  103. Robertfaips on 20/04/2021 at 6:00 AM

    the best ed pill: buy ed pills – ed treatments

  104. RafaelSen on 20/04/2021 at 4:28 PM

    ed pills gnc: buy ed pills – erection pills online

  105. GeorgeChove on 21/04/2021 at 2:11 PM

    paypal buy valtrex online canada: cheap valtrex – buy valtrex online prescription
    ventolin cost usa

  106. GeorgeChove on 22/04/2021 at 10:06 AM

    valtrex medication cost: valtrex – how much is valtrex
    ventolin 4mg tablet

  108. GeorgeChove on 23/04/2021 at 7:13 AM

    buy valtrex pills online: buy valtrex – how to get valtrex cheap
    purchase ventolin inhaler online

  112. GeorgeChove on 24/04/2021 at 2:06 AM

    tadalafil india pharmacy: cialis pills – cialis pills
    can you buy ventolin over the counter australia

  116. GeorgeChove on 24/04/2021 at 7:58 PM

    cialis pills: tadalafil 20mg – cialis pills
    purchase ventolin inhaler

  119. GeorgeChove on 25/04/2021 at 12:26 PM

    propecia drug: propecia for sale – where to buy propecia
    ventolin australia

  121. Jesseaddex on 26/04/2021 at 5:18 AM

    https://edpillst.com/# medicine erectile dysfunction
    natural ed remedies

  124. or gamefly on 28/04/2021 at 3:51 AM

    I’m not that much of a internet reader to be honest but your sites really
    nice, keep it up! I’ll go ahead and bookmark your website to come back later
    on. All the best

  126. it asmr on 28/04/2021 at 11:42 PM

    Very good blog you have here but I was wondering if you knew of
    any user discussion forums that cover the same topics talked about in this article?
    I’d really love to be a part of community where I can get advice
    from other knowledgeable individuals that share the same interest.

    If you have any suggestions, please let me know. Kudos!

  127. where asmr on 29/04/2021 at 2:40 AM

    Hey There. I found your blog using msn. That is
    a very smartly written article. I will be sure to bookmark it and return to learn extra of your useful information. Thank you for the post.

    I’ll certainly comeback.

  129. asmr is on 29/04/2021 at 1:53 PM

    Quality articles or reviews is the secret to be a focus for the viewers to visit the site, that’s what this website is providing.

  130. Williamtheli on 30/04/2021 at 3:23 AM

    online pharmacy europe ed drugs – canadian pharmacy cialis reviews
    indianpharmacy com

  135. Rfvbcoask on 01/05/2021 at 8:17 AM

    cialis black 800 mg pill house https://cileve.com/ – buy cialis in australia online cialis online america

  144. gamefly off on 03/05/2021 at 11:57 PM

    Hi! Would you mind if I share your blog with my zynga group?
    There’s a lot of people that I think would really enjoy your content.
    Please let me know. Thanks

  147. there asmr on 04/05/2021 at 9:04 AM

    Hey there! Someone in my Myspace group shared this website with us so I came to take a look.

    I’m definitely loving the information. I’m book-marking and
    will be tweeting this to my followers! Excellent
    blog and amazing style and design.

  152. RichardHab on 05/05/2021 at 10:16 AM

    generic cialis 20 mg tadalafil buy cialis 36 hour online – how to buy cialis online uk
    buy cialis 36 hour

  158. RichardHab on 06/05/2021 at 2:18 AM

    canadian pharmacy cialis 20mg canadian pharmacy cialis 20mg – how to buy cialis online from canada
    buy cialis 36 hour

  161. RichardHab on 06/05/2021 at 6:19 PM

    cialis 20mg for sale ed pills – cheap generic cialis
    cialis sale 20mg

  164. http://j.mp on 07/05/2021 at 8:28 AM

    Awesome! Its genuinely awesome piece of writing,
    I have got much clear idea regarding from this piece of writing.

  167. RichardHab on 08/05/2021 at 1:52 AM

    cialis 20mg low price cialis for daily use – order original cialis online
    how to buy cialis online from canada

  168. asmr a on 08/05/2021 at 3:56 AM

    Howdy just wanted to give you a brief heads up and let you know a few of the images aren’t loading properly.

    I’m not sure why but I think its a linking
    issue. I’ve tried it in two different internet browsers and both
    show the same results.

  170. RichardHab on 08/05/2021 at 5:32 PM

    buy cheap cialis uk erectile dysfunction pills – cheapest generic cialis australia
    buy cialis insurance

  176. an asmr on 09/05/2021 at 8:52 AM

    At this moment I am going away to do my breakfast, afterward having my breakfast coming over again to read other news.

  183. Renaldovialo on 10/05/2021 at 7:04 PM

    viagra 100mg buy viagra pills – buy viagra
    cialis vs viagra

  185. Renaldovialo on 11/05/2021 at 7:18 PM

    viagra dosage generic viagra overnight – generic viagra overnight
    viagra dosage

Submit a Comment

Your email address will not be published.