RBS’s recent computer woes look set to have knock-on consequences for employers who were unable to settle their income tax and national insurance contributions with HMRC.
PAYE and NIC payments that arrive late at HMRC are set to be classed as a default by the taxman.
And while companies are permitted one default per tax year, the latest deadline was only the second payment due in this tax year – leaving those that defaulted with no room for further error.
HMRC has urged those affected to pursue compensation from their banks.
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