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| Employers PAYE deadline imminent |
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The Association of Chartered Certified Accountants (ACCA) reminds businesses of the annual PAYE return deadline on 19 May 2008. This year, HM Revenue & Customs is demanding that employers with 50 or more staff must file their 2007/2008 Employer Annual Return PAYE forms (P14s and P35s) on-line or face a penalty of £100. And for those firms with less than 50 employees, the taxman is offering an incentive for this group to file on line by giving them £100 tax free if they submit their return on-line. Chas Roy-Chowdhury, head of taxation at ACCA, says: “HMRC is driving employers, and also self assessors, to submit forms on-line. By 2010 all employers must file on-line, so it makes sense to start now, especially as HMRC claims this is more safe then using a paper return.” Roy-Chowdhury adds: “But we wait to see if the process is more robust than last year, when the deadline was extended due to IT system problems.”
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About The Author  Sarah Laing Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter, Taxes - The Weekly Tax News, the Red & Green legislation volumes, Hardman's, International Tax Agreements and many others. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences). Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms. She now works as a freelance author providing technical writing services for the tax and accountancy profession. |
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Article Added Wednesday, 30 April 2008 | 674 Hits |
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