16-30 days overdue – 2% on the VAT you owe at day 15. 31 days or more overdue – a first late payment penalty of 2% of what was outstanding at day 15, plus 2% of what is still outstanding at day 30; then a second late payment penalty of a daily rate of 4% per year on the...
If they are received a day late they will be credited to the account as received in the new pay period. This may mean that a penalty for late payment may be issued. Please see the link below for more questions relating to RTI. http://www.hmrc.gov.uk/payerti/reporting/payroll- faqs....