Business and Other Briefings
HMRC: Employers across the UK are being urged to file their Employer Annual Return (P35 and P14s) online by 19 May 2011, or they could face a penalty. Changes came into effect this year, which mean Employer Annual Returns sent to HMRC after the 19 May filing deadline will almost certainly result in a late-filing penalty. Previously, an extra-statutory concession gave employers extra time before HMRC charged a penalty. This has now been withdrawn.
From this year, employers will be liable to a penalty if they file their annual return on paper (with some very limited exceptions, such as certain individuals who employ their own carer). Last year, no penalty was charged for employers with 5 or fewer employees. But these transitional arrangements have now ended.
HMRC: HM Revenue & Customs (HMRC) is doubling the number of specialist officers cracking down on labour providers who fail to pay their tax. These specialist officers are expected to bring in an additional £500m of tax over the next 4 years.
The extra 100 officers will offer free health checks to businesses to help them use legitimate labour providers and tackle fraud within the industry. Those found guilty of tax evasion could face jail.