Monday 06 February 2012
Ten Top Tips for Completing your Employer Annual return
- File the returns by 19 May 2010. Late filing can result in a penalty which is £100 per 50 employees for each month or part month that your return is outstanding
- Nearly all returns must now be filed on line. So much sure that you are set up to do this well in advance of the due date.
- You must have paid any outstanding PAYE and NI by 19 April 2010 (22 April 2010 if you pay electronically)
- You have to complete a return for all employees who have been paid at or over the lower earnings limit
- By 31 may 2010 you have to give a form P60 to all employees who your completed a P11 for and who still worked for you on 5 April 2010
- You need to complete a P11D for relevant employees by 6 July 2010. Late filing can result in a penalty which is £100 per 50 employees for each month or part month that your return is outstanding
- Any NI due on expenses and benefits on kind must be paid by 19 July 2010 (22 July 2010 if paying electronically)
- If you are set up as an employer you must still file a return. If you have no entries then you will file a nil return
- If you are a sole director / employee company paying yourself a small salary you may still need to file an Employer Return. Your accountant may do this for you but check that it is included in your fee
- If this all sounds too complicated - get an accountant to do it for you!