PAYE thresholds
|
|
2014/15
|
2013/14
|
2012/13
|
2011/12
|
|
Weekly
|
£193
|
£182 |
£156
|
£144
|
|
Monthly
|
£834
|
£787
|
£675
|
£623
|
|
Annual
|
£10,000 |
£9,440 |
£8,105
|
£7,475
|
penalties for late paid paye
For return periods starting on or after 6 April 2010, HMRC may charge penalties where PAYE is not paid in full and in time. The penalty charged depends on the number of times PAYE was paid late during the tax year.
The penalty is a percentage of the tax paid late (excluding that relating to the first late payment in the tax year. The penalty rate, depending on the number of late payments in the year, is shown in the table below.
For 2013/14 and earlier years the penalties are levied after the end of the tax year. From 2014/15 penalties are levied in-year on a quarterly basis.
|
Number of late payments in tax year
|
Penalty percentage
|
|
1
|
No penalty unless payment made more than six months late
|
|
2, 3 or 4
|
1%
|
|
5, 6 or 7
|
2%
|
|
8, 9 or 10
|
3%
|
|
11 or more
|
4%
|
Additional penalties are charged for very late payments. An additional penalty of 5% applies to payments outstanding after six months. A further penalty of 5% is charged on payments outstanding over 12 months.