HMRC started the second penalty run in respect of forms P35 for 2008/09 on 23 January 2010. The first penalty notices were issued in September 2009, so many employers who had overlooked the return, or for some reason had been logged as not having filed the return have had a reasonable opportunity to identify and resolve the problems.
Employers whose returns remain outstanding will now receive a further penalty of at least £400 running from 20 September 2009 to 19 January 2010. Those employers with more than 50 staff will receive larger penalties, according to how many staff they employed in 2008/09.
What you should do
- If a return is due, ensure that it is filed as soon as possible
- If the employer had more than 50 employees in 2008/09 ensure that the...