Small firms urged to file online and receive £75

Date: 24th March 2009

Small businesses have been encouraged to file their Employer Annual Return online and receive £75 from HM Revenue and Customs (HMRC).

Firms which employ 50 employees or less are eligible for the promotion, although they must first register with the department's PAYE Online for Employers programme.

For further information on how to file online, managers or owners should considering consider consulting their local accountant or taxation advisor.

Sue Williams, a spokeswoman for HMRC, commented: "We are accepting returns now and would urge all employers to send them in as soon as they are ready, to avoid any last minute rush."

Employer Annual Returns must be filed by May 19th or businesses could be subject to late submission penalties.

Earlier in March, HMRC announced that it had reduced the amount of interest charged on late tax returns payments and that applied to overpayments.