P11d-filing an amended 2013/2014 p11d now -penalties?

P11d-filing an amended 2013/2014 p11d now ...

Didn't find your answer?

Due to late dividend planning , my client now has a directors loan more than 5k at the end of the year and the p 11d that was filed - is incorrect due to the loan benefit calculation being incorrect
Has anyone filed an amended p 11 d and was there and follow up by HMRC re late payment penalty on NI etc ?

Many thanks

Replies (4)

Please login or register to join the discussion.

By johngroganjga
09th Dec 2014 09:12

I don't quite follow.  What

I don't quite follow.  What please is "late dividend planning" and how is it that the balance on the DLA at 5 April 2014 is different now from what it appeared to be when the P11D was prepared?

Thanks (1)
Euan's picture
By Euan MacLennan
09th Dec 2014 09:38

Penalties

I agree with John - trying to amend something 8 months ago can scarcely be called "planning" - but these days, penalties for not filing a return by the due date are always being enforced, but penalties for submitting an incorrect return (and amending it later) do not seem to be enforced.  I would just expect interest to be charged on the late payment of the Class 1A NIC at 3% p.a.

Thanks (1)
avatar
By SJRUK
09th Dec 2014 10:54

Penalties

I think the late planning comment is another way of saying bad book-keeping !

I've had similar where its become apparent after completing the accounts that the DLA is incorrect and have amended previous P11Ds.  To date no penalties have been raised.

Thanks (1)
avatar
By andy.partridge
09th Dec 2014 11:02

None

I agree with Euan and SJRUK. The punishments seem to be dished out for late filing but not amended content of timely filing.

Thanks (1)