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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.”