P35 Interim Penalty Letter

HMRC have started to issue P35 Interim Penalty Letters to employers, who according to the HMRC computer system, have not filed their P35 form for year ended 5 April 2012.

The letter informs employers that they have already incurred a penalty and provides information on what should be done to prevent this increasing. HMRC are advising employers of the penalty now rather than them being faced with a larger penalty notice in September. Employers who have not submitted their P35 now have the opportunity to submit it and prevent the penalty increasing.

You can find below further information about the late filing penalties:

Return Deadline Late Filing Penalty
P35 and P14 outstanding. 19 May £100 per 50 employees for each month, or part month that the return is outstanding. The first Penalty Notice is issued in September.
P11D/ P9D 6 July Penalty not exceeding £300 for each P11D or P69 not filed by the deadline, plus a further penalty not exceeding £60 per day for continued late filing.
P11D(b) 6 July £100 per 50 employees for each month, or part month that the Return is outstanding. The first Penalty Notice is issued in November.

If you have any queries about the penalty regime or on any payroll matter, please contact Neil Cameron or Carol Flockhart in our Payroll Team at Chiene + Tait on 0131 558 5800 or by email to payroll@chiene.co.uk