PAYE Late Payment Catch for Employers

Electronic payments of PAYE must reach the Taxman by the 22nd of each month.  Where this falls at the weekend or on a bank holiday, payment must arrive on the last working day before then to avoid a fine.

Electronic Pay.  The Taxman has issued a warning to employers who pay their monthly PAYE tax and NI electronically.  Where you've told your bank to make payment by the deadline for electronic payments of the 22nd of each month (and this falls at a weekend or bank holiday) they often defer payment to the next working day.  The Taxman has said that where this results in the payment being late, he can charge penalties of up to 4% of the amount payable.