31 May 2012

Employers urged to avoid higher penalties for late filing

HM Revenue & Customs (HMRC) is urging employers who did not file their 2011/12 annual return by the 19 May deadline to do so before 19 June, when further penalties will apply.

Employer Annual Returns contain key information on employees’ tax and national insurance deductions during the tax year.

Nearly all employers must file an annual return online - a P14 for each employee and a P35 summary sheet - with very few exceptions.

Penalties apply at a rate of £100 per 50 employees for every month, or part month, that a return is late.

Even where an employer has no return to make, HMRC must be notified of this fact.

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