| HMRC have announced that
they have started sending penalty notices
where their records show that they have
not received 2006/07 forms P35 and P14
(the employer’s annual return and end of
year summary). Similar penalties are also
being issued where 2006/07 form CIS36 (the
contractor’s annual return) is
outstanding.
These returns were due by 19 May 2007
and it is likely that these penalties are
a follow up to penalties issued in
September last year. The penalty is likely
to be £100 per 50 employees and/or
subcontractors for each month the return
is outstanding, running from September
2007 to January 2008 i.e. four months.
However, no penalties should be issued
where an appeal has been received against
the September penalty and the appeal is
still outstanding.
It is not unusual for HMRC penalties to
be issued in error. If this is the case or
if there is a reasonable excuse for the
delay in sending in the return, penalties
can be reduced or even waived altogether.
If you receive a penalty notice that
you believe is wrong, please get in touch
with us as soon as possible so we can
resolve the matter for you.
Internet link:
HMRC annual returns note |
