HM Revenue and Customs say that they are issuing interim penalties for outstanding 2006-07 Employer Annual Returns from 24th September 2007. Penalty notices will be sent out where records show that 2006-07 Employers Annual Return (P14s and P35) and 2006-07 Contractors Annual Return (CIS36) which are due have not yet been received.
These returns were due by 19 May 2007. The penalty is levied at 100 per 50 employees and/or subcontractors for each month a return is outstanding, as at 19 September 2007. If the return has not yet been filed that already amounts to 400.
HMRCs advice is to send in outstanding returns, or if no return was due and a penalty is issued employers have 30 days to appeal.
Late returns will still attract an online filing incentive, if an employer has fewer than 50 employees...