HMRC has updated its guidance on what happens when employers fail to report their business’s payroll information on time.

All employers (including those with nine or fewer employees) must now submit their completed and accurate RTI forms to HMRC online either on or before their staff’s payday. Failure to do this could result in penalties, which start at £100 per month.

If you’re an employer, this means that it’s more important than ever to file your payroll on time.