If employers do not pay an amount that is due, the NTCA may apply interest from the day payment was due. Late payment interest is computed using twice the base interest rate and the number of default days. The calculation is available on the NTCA website.
Penalties can be levied for various types of failures by employers as detailed in the table below.
| Failure | Consequence | Penalty |
| Inaccurate PIT, SSC deductions and/or failure to deduct | Employers are liable for both the employer's and employee's share except where the employer shows that a mistake originates from false or malicious |
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 16:05