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This Thursday is the deadline for filing employer annual returns

This Thursday is the deadline for filing employer annual returns

Contractor accountants urgently need to remind their small business clients that the deadline for filing annual employer returns is this coming Thursday, the 19th of May.

HMRC has already published a reminder to let employers know that the returns must be submitted no later than May 19th and firms that fail to comply will be subject to a penalty.

Last year, an extra-statutory concession gave some businesses additional time to file, but the Revenue reminds firms that this has now been removed.

This year, employers who file paper annual returns will face a penalty if their return arrives later than May 19th. In 2010, employers with less than six employees were not fined, but this transitional arrangement has now ended, an HMRC spokesperson said.

Smaller employers, their accountants or bureaux, can use the Revenue’s ‘Online Return and Forms – PAYE’ product to file their data securely online. Employers who have less than ten employees can file their return online using HMRC’s basic PAYE tools.

In related news, HMRC admits that some companies will not receive their new PAYE payment booklet before the deadline for the first payment due this month. The Revenue has advised affected firms to make their payment using the online facilities and make sure it is cleared to HMRC’s account by May 20th.

HMRC also advises employers to apply for a replacement booklet if they are still waiting for one to arrive on Friday 27th May.

© 2011 All rights reserved. Reproduction in whole or in part without permission is prohibited.

Image: Alarm Clock 3 by alancleaver_2000

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