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P11D submission: late filing penalties

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13th Jul 2012
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The filing deadline for forms P11D and P11D(b) passed on July, but when are late P11D penalties issued, asked one AccountingWEB member in Any Answers last week.

And would there still be a penalty if any outstanding Class 1A NIC is paid before 19 July, but the form is not received by the 6 July, wondered ajordan.

Steve Kesby was quick to respond, explaining that a penalty will be charged if the P11D(b) isn't received by the date the payment is due. He added that once the liability to a penalty arises, the number of months the P11D(b) is outstanding is calculated from 6 July.

“If the payment is late, it won't have an impact on the P11D(b) penalty, but it will count, as a default for the purposes of a late PAYE/NI payments penalty,” he said.

Kesby went on to say the penalty was £100 per month per 50 employees (or part thereof), after they've established some proper lateness.

Nichola Ross Martin onlined the due dates, penalties and incorrect P11D and P11D(b) returns on her website.

She explaind that penalty notices for non-submission are issued in November following the filing deadline and again in March and July in the next calendar year.

There are different deadlines for when a business ceases dependent on the date of cessation.

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