Employers Must Hit May PAYE Deadline

Employers have been warned to file their Employer Annual Returns online with HM Revenue & Customs (HMRC) before the 19th May, or risk being charged a late-filing penalty.

Employers that miss the deadline will be charged £100 per month that the return is late. Previous concessions have been removed, meaning that all businesses need to be careful to meet the deadline.

“Changes came into effect this year, which mean the Employer Annual Returns sent to HMRC after the 19 May filing deadline will almost certainly result in a late-filing penalty.”

said an HMRC spokesman.

“Last year, no penalty was charged for employers with five or fewer employees, but these transitional arrangements have now ended.”

“Previously, an extra-statutory concession gave employers extra time before HMRC charged a penalty, but this has also been removed.”

Employers with fewer than ten employees can use HMRC’s Basic PAYE (Pay as You Earn) Tools package to file their returns. HMRC has also published a list of common errors made while filing Employer Annual Returns, to help businesses avoid making the same mistakes.

The Employer Annual Return includes a P14 for each employee and a P35 summary sheet.  Employers that have not yet registered to file online can register now by visiting the PAYE section of HMRC’s website.

For more information on filing Employer Annual Returns, read Understanding and using PAYE Online for employers at the HMRC website.

Employers have been warned that they must achieve the May PAYE deadline

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