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 late filing of P11Ds