I am a contractor working in the UK through my Limited Company and I have today received a fine from HMRC which appears to be in relation to Real Time Information Return (RTIR) (the letter content is reproduced below).
I actually sent my accountant what appeared to be a pre-warning letter from HMRC which was along the lines of "act now to avoid penalties" relating to RTIR a few months ago. At this time, I received no response from my accountant and I'm becoming increasingly frustrated.
I was previously working in Norway and selected the accountant as they specifically marketed themselves as a specialist in both UK and Norwegian tax affairs. I therefore assumed this would make the transition working between the two countries easier. I returned back to the UK in July 2014 to work as a contractor. My tax year runs Jan 2014-Jan 2015, therefore I'd hoped to struggle on with my current accountant so they could complete my annual accounts (given the period earlier in the year in Norway). I then planned to move to a mainstream UK Contractor accountant (SJD, Nixonwilliams, InTouch etc).
I am now wondering if I should move accountant sooner, given my predicament.
Does anyone think the below fine may be avoidable?
Update - To make matters worse - just emailed the accountant the letter and he's out of office for the majority of the month (again).
Reproduced from a letter I today received from HMRC:
NOTICE OF PENALTY DETERMINATION
About this notice
You are required by law to make an end of year return by 19 May each year or (if you were a Real Time Information employer or pension payer during 2012-13) a real time return of relevant payments made to each of your employees on or, if any, after their final normal payday in the tax year. As you have not made your return on time you are liable to a penalty. This notice gives details of that penalty. If you have an agent or professional adviser you should show them this notice immediately. If you do not understand why you have received this notice please ask me about it. My details are shown above.
How the penalties are worked out
Penalties are £100 for each month (or part-month) for every 50 (or up to 50) employees.
You have been charged penalties from 20 May 2014 to 19 September 2014.
This means that the statutory penalties that you must pay are £400.00.
Yo u should pay the amount shown on or before 05 November 2014, using the payslip below. The notes overleaf give more information about Paying HMRC.