Just realised that a 2011-2012 P14 and P35 has been filed without entries for Statutory Maternity Pay having been made. This will result in a repayment of approx £900 being due to the very small employer. HMRC site advises that "amended information means that your original return was either incomplete or inaccurate and could mean that you may be charged a penalty". Has anyone any experience of the word "may" in a situation like this? Do you think a penalty would only be levied where the employer had underpaid HMRC?
Replies (4)
Please login or register to join the discussion.
The way to minimise penalties...
is to be upfront with HMRC asap, giving chapter and verse of which figures should be adjusted.
Recalculate what total Paye should have been versus what was actually paid and get the employer to pay the difference now, quoting accounts office ref, and the correct y/e date (see HMRC website on how to pay PAYE) for exact details.
I am not sure whether there is an option on the website to amend previous yr P35 figs. If not you will need to write to the appropriate office - see HMRC site for address.
If you correct an error without prompting there is much more chance that you won't get a penalty at all, but nothing is definite, so act as quickly as you can.
I don't think so...
I have only recently had to go in an amend 3 years worth of P35's for a client. HMRC have not written to me nor the client regarding penalties and those to resulted in a repayment of c£3000. Fingers crossed you should be OK.