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P11D deadlines

My client is unlikely to be able to submit his 2000/2001 P11Ds by the 7 July. He is aware that there will be interest due on late payment of any Class 1A due on the P11Ds, but his he liable to any penalties if the forms are not submitted on time? Has anyone any experience of penalties in the past or have the Revenue indicated that there will be penalties for this year?
Keith Knowles

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By admin
03rd Jul 2001 17:01

It's ex-pats
We have spoken to various contacts in the Revenue and...The extension is only in respect of ex-pats. For the rest of us it's business as usual! This comes from Inland Revenue Newsboard 363 which is only for "internal" consumption.

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By admin
03rd Jul 2001 23:25

The authoritative comment is from John Newth

John has already made an authoritative comment on Class 1A holiday. It is also in the news here:

http://www.accountingweb.co.uk/cgi-bin/item.cgi?id=51483&d=448&h=0&f=0&dateformat=%o%20%B%20%Y

I suggest take a copy of the News item and also of the email from John. John is widely known because of his position at Tolleys/Butterworths and Taxation.

Hope this helps.

Jay Tanna

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By admin
28th Jun 2001 11:09

Mr Tax's Comments
In practice the IR very rarely impose penalties for p11d's unless the single company is large.

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By admin
28th Jun 2001 12:08

P11D deadline
and by the way the deadline is 6 July, not 7 July!

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By admin
28th Jun 2001 18:17

Some Relief
It is understood that, for 2000/2001 only, penalties will not be charged for late submission of the P11D(b) if it is submitted by 19 September 2001.

This relates to Class 1A national insurance contributions only and not to direct tax and Class 1, dealt with on the main form P11D.

The concession, which does not extend to interest charges, which will still apply from 19 July, was not mentioned in the recent Press release dated 20 June 2001, but I have both documentary and verbal evidence as to its authenticity.

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By admin
28th Jun 2001 19:59

Why
I have got to ask, why can anyone be late with this?

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By admin
27th Jun 2001 21:09

Also be concerned about employees!

Also, your client should be concerned about its employees who have to file in their Self Assessment Tax Returns by end if September to keep Inland Revenue busy over the summer period. The deadline is 31 January next for Tax Returns but there is always one employee who wants to file his tax return earlier so that his tax office does the necessary sums!

Jay Tanna


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By admin
27th Jun 2001 17:49

Penalties do exist
IR Booklet 480: £300 per late return and £60 per day MAY be incurred.
NI booklet CWG5 £100 for every fifty forms or part batch per month or part late.
Would suggest a payment on account for the Class 1A (better safe than sorry) to avoid interest.
But are there any decent mitigating circumstances? It is worth a go. Why not ring the employers' helpline?

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