PAYE Return reminder
HMRC has issued a reminder to employers to send in their annual returns on time, or face a penalty.
The Employer Annual Returns, forms P35, that provide information on employees’ tax and national insurance deductions during the tax year, must be sent online to HMRC by the 19th May.
If the return is late a penalty will be levied at the rate of £100 per 50 employees for each month, or part month, that the return is late.
Help is available from HMRC via its Employers Helpful on 08457 143 143 or online at www.hmrc.gov.uk/paye/file-or-pay/fileonline.
Date: 17th April, 2012
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