PAYE Employer Annual Return
HMRC have issued an urgent update relevant to the PAYE employer annual return.
The update is a reminder that the deadline for submitting the 2010/11 PAYE annual return is fast approaching. The filing date for the 2010/11 annual return isThursday, 19 May 2011. The Return including a P14 for each individual employee and a P35 summarising the entire workforce must be filed. Almost all employers have to file annual and in year forms online.
Failure to file on time will almost certainly result in a late filing penalty. Employers are reminded that the extra statutory concession which gave grace from certain late filing penalties was withdrawn on 1 April 2011. Employers will also be liable to a penalty if they file their annual return on paper (with some very limited exceptions, such as not using the internet due to religious beliefs). Last year, no penalty was charged for employers with five or fewer employees. These transitional arrangements have now ended.