TaxCorporate TaxHMRC issues PAYE return warning

HMRC issues PAYE return warning

Taxman warns employers their P14 and P35 forms must be received by 19 May and "almost all" of them are required to file online

The taxman has warned businesses that most of them must file their PAYE
returns online by 19 May or face stiff penalties.

Almost all employers are now required to file their Employer Annual Return-
form P35 and forms P14 electronically HMRevenue & Customs said.

“If you send HMRC your Employer Annual Return (or part of your return) on
paper or magnetic media, when you’re required to file online, you may be charged
a penalty,” the taxman said on its website.

“The precise amount of the penalty depends on the number of P14s included in
your return and is up to a maximum of £3000.”

If you do not have to make a 2009-10 return you must inform the taxman.

The easiest way to do this is to use the
No
Employer Annual Return
form to make email notification, HMRC said.

There are separate deadlines for sending a number of in-year PAYE forms,
including P45 and P46, online, HMRC added.

Employers with 50 or more employees must already file the P45 and P46 forms
online, while under government proposals employers with fewer than 50 employees
must file them online from April 2011.

“If you send any PAYE forms by paper or magnetic media when you’re required
to send them online, you will face penalties,” the taxman added.

“These penalties will still be due even if you subsequently file an online
version of the form(s) for which you’ve been penalised.”

Further reading:

The
PAYE online filing penalty regime

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