As the tax year comes to an end on 5 April and a new one begins, the employer annual returns can now be processed.
The employer annual returns are a combination of 2 sections:
The salary, PAYE and NI paid for each employee (P14 form), and the total PAYE and NI paid to HMRC on behalf of the employees (P35 form). The deadline for P35 and P14 submission is 19th of May.
The details of expenses and benefits given to each employee (P11 from). The deadline for the P11d submission is the 6th of July.
Once the P35s and P14s are delivered to HMRC the P60 forms, which summarises the salary and taxes paid, should be given to each employee before the end of May.
Failure to meet the deadlines set by HMRC for the submission of the Employer Annual Returns will result in a penalty of £100 per month that the submission is late.
If you are on an ongoing service with 1st Contact Accounting then the processing of the Employer Annual Returns is included in your service.
If you are not on an ongoing service and would like us to process your Employer Annual Return please contact us on 0800 856 2477 or email us on email@example.com