HMRC have announced that they
have started sending penalty notices where
their records show that they have not received
2006/07 forms P35 and P14 (the employer’s
annual return and end of year summary). Similar
penalties are also being issued where 2006/07
form CIS36 (the contractor’s annual return)
is outstanding.
These returns were due by 19 May 2007 and
it is likely that these penalties are a follow
up to penalties issued in September last year.
The penalty is likely to be £100 per
50 employees and/or subcontractors for each
month the return is outstanding, running from
September 2007 to January 2008 i.e. four months.
However, no penalties should be issued where
an appeal has been received against the September
penalty and the appeal is still outstanding.
It is not unusual for HMRC penalties to be
issued in error. If this is the case or if
there is a reasonable excuse for the delay
in sending in the return, penalties can be
reduced or even waived altogether.
If you receive a penalty notice that you believe
is wrong, please get in touch with us as soon
as possible so we can resolve the matter for
you.
Internet link:
HMRC
annual returns note |
