Following consultation, a regulation-making power will be introduced in the Finance Bill 2012 to facilitate the provision of information required for the operation of Real Time Information.
The government will consult before the summer on a new model for pay-as-you-earn (PAYE) late payment and late-filing penalties, ahead of the main roll-out of Real Time Information in October 2013.
This will be included in the Finance Bill 2013.
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