P35's In Administration Period

P35's In Administration Period

Didn't find your answer?

A company goes into administration on the 30th April 2008 and all employees are made redundant by the 31st August 2008. Therefore the 2008/09 P35 can be completed early by the administrators for their period i.e. 1st May to 31st August. As payments were made to employees in the April 2008 pay period prior to Administration, who is responsible for reporting these amounts to the IR. Is my assumption correct that a seperate P35 should be prepared for the period 6th to 30th April and submitted by the administrators on behalf of the company, or are the Directors still responsible for this P35.
Stephen Meadows

Replies (1)

Please login or register to join the discussion.

avatar
By User deleted
01st Sep 2008 17:29

Correct
The P35 should be completed and submitted 5-30 April, at whicc date the liability crystallises.

The Administrators should then prepare the payroll 30 April - 31 August, complete a second P35 and pay any liability to HMRC. This is an expense of the Administration pursuant to Rule 2.67 IR(86).

If you are not going to get paid for your services the Administrators can simply accept an estimated claim from HMRC re 5-30 April.

Thanks (0)