Xero Certified Advisors - Hillmans Accountants

Why do we love Xero?

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Because Hillmans Ltd and Xero are on the same team. Read more. We both work together to provide timely advice to our small business clients, using the latest (and greatest) technology available.

Hillmans Chartered Accountants are Xero Certified Advisors, so it’s safe to say we know our way around the software!

eNews - Sept 2014

Late Filing Penalties 
 
From 6 October 2014 the HMRC computer will automatically issue you with a penalty if you submit your full payment submission (FPS) under RTI "late", or don't submit it at all for a month in which you paid your employees.

So what makes the FPS "late"? HMRC say the FPS must be submitted on or before the day the employer pays the employees (the "payment date"). But is that the day the funds leave the employer's bank account or the day the employee receives the money?