Employers need to file their payroll end of year forms P35 by 19 May 2012 in order to avoid a fine.
There are two types of penalties that can apply to late filing of PAYE returns:
- Late filing
- Failure to file online
A late filing of a P35 may result in a penalty of £100 per 50 employees for each month or part month that a return is outstanding.
A failure to file online (so if you try and use a paper return) is on a higher scale.
Who would want to be employing staff in the UK in a regime dominated by fines?
There are also extra penalties for failure to file monthly CIS (Construction Industries Scheme) returns
For failure to file in year PAYE returns online
For late filing of P11Ds
There are also fines for making mistakes in operating or recording operate PAYE and National Insurance (NICs), and for not paying the National Minimum Wage.
