HM Revenue & Customs has issued a reminder to businesses which have so far made only provisional Employer P35 returns for 2012/13, that they need to have finalised the position and paid any outstanding amount by 31 January, in order to avoid any penalties. (Interest will be charged between 19 April 2013 and 31 January 2014: this is just to avoid any penalties).
This arrangement is for "IR35" businesses which were unable to finalise their employers' return by the normal due date but instead made an estimated return at the time. An amended return now needs to be filed, together with any balancing payment required, if any. Otherwise, HMRC will consider the provisional return originally submitted, to be the final version.
Further information is at IR35 - Deadline for Full Returns and Payments
Please register or log in to add comments.
There are not comments added