Mobile apps that support record keeping for small businesses below the VAT threshold are being created by the software industry following an HMRC consultation . . .

On 12 April HMRC’s Press Office published a ‘Return reminder for employers’ on HMRC’s website in which employers are told that their Employer Annual Returns for the 2011/2012 tax year must be submitted online to HM Revenue and Customs (HMRC) by 19 May 2012.

Exceptions to submitting Employer Annual Returns online include:

Practicing religious members whose beliefs are incompatible with the use of computer technology;
Those employing people to help at their home with care and support services;
A return filed by a Limited Company to report ‘CIS deductions suffered’, and
Employers operating PAYE and the Simplified Deduction Scheme for domestic and personal employees.
Those who fit in the categories listed above are still eligible to file their Employer Annual Returns on paper.

An Employer Annual Return provides HMRC with information on tax and national insurance deductions from employee pay packets. A P14 must be submitted per employee alongside a P35 summary sheet.

If HMRC receive an Employer Annual Return after the 19 May deadline an HMRC tax penalty will be charged at ‘£100 per 50 employees for each months, or part month, that your return is outstanding’.

If you are an employer and are yet to have registered for HMRC’s PAYE online service then you should do so now.

Once registered for HMRC’s online filing service you will have to wait until you receive an activation code in the post before you can submit your Employer Annual Return online.

HMRC have advised that it can take up to a week to receive your activation code in the post; ‘so don’t leave registration until the last minute’.

Kevin Kinsella, of KinsellaTax, said:

“Penalties are a way of life now in dealing with returns to HMRC, Companies House etc. It’s almost becoming a full time job.”

Have you received a tax enquiry from HMRC?

KinsellaTax staff consists of ex-HM Inspector of Taxes and ex-HM Custom and Excise Officers, fully trained in all types of HMRC tax investigations.

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