HMRC issues Employer Annual Return reminder

Date: 19th April 2011

Taxpayers have been reminded of the forthcoming deadline regarding Employer Annual Returns.

HM Revenue & Customs (HMRC) has issued a reminder to UK businesses that May 19th marks the deadline for filing their P35 and P14 documents.

The department warned that changes came into effect earlier this year which mean that late filing will "almost certainly result in a fine".

"Previously, an extra-statutory concession gave employers extra time before HMRC charged a penalty. This has now been withdrawn," the department explained.

"From this year, employers will be liable to a penalty if they file their annual return on paper. Last year, no penalty was charged for employers with five or fewer employees. But these transitional arrangements have now ended."

HMRC added that smaller businesses can use its Online Return and Forms – PAYE product in order to ensure their employee data is filed securely.

The reminder could inspire a number of businesses to seek assistance from a specialist tax accountancy service like TaxAssist Accountants.

Posted by Emily Smith