HMRC ‘gets a move on’ with PAYE penalties
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 Employer’s Annual Return (P14s and P35) and 2006-07 Contractor’s 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.