PAYE54265 | Employer returns: regulation 80 determinations: interest: Interest on tax overdue

Tax in Regulation 80 determinations is liable to an interest charge.

The employer should be advised that unpaid PAYE attracts an interest charge.

Under RTI for 2014 to 2015 onwards, if the employer submits an Earlier Year Update (EYU) the reckonable date will be 19 / 22 April following the end of the tax year (PAYE Regulation 67H(2)) sets the due date as the Final Tax period of the year).

From April 2021 the Earlier Year Update (EYU) will no longer be a valid submission type. Employers should correct their payroll data for the 2020 to 2021 and future tax years by sending a further year to date Full Payment Submission (FPS).

Interest in the Regulation 80 determination will be charged:

• Under Regulation 82 IT-PAYE Regulations for 2013 to 2014 and prior tax years and the reckonable date for interest is 19 / 22 of April after the tax year end

• Under S101 of Finance Act 2009 for 2014 to 2015 onwards and the reckonable date for interest is the 19 / 22 of the following month for each tax period