Late payment penalties will be charged in-year on a late payment of monthly, quarterly or annual PAYE, student loan deductions, CIS deductions or Class 1, 1A and 1B NICs. Late payment penalty notices will be issued quarterly in July, October, January and April showing the amount of the penalty due for each tax month. The total penalty charged can be made up of:
•a default penalty, for failure to pay monthly/quarterly payments on time and in full;
•penalties for amounts still unpaid after 6 and 12 months.