Large employers, those with 250 or more employers, must file their P14 and P35 returns electronically for the 2004/05 tax year. Failure to file using one of the approved methods will result in a penalty of between £;900 and £;3000, depending on the number of P14s that should have been included in the employer's return.

For the 2004/05 tax year only, the Inland Revenue has stated in Tax Bulletin 72 that, to allow the penalty to be determined quickly, the "snapshot" employee count in October 2003 will be used instead. In most cases this will result in a correct or lower penalty but, if the resulting penalty is excessive, an aggrieved employer may appeal to have the penalty calculated on the statutory basis.

Discuss this news item in the PayPerShop Forum

...back to 20 August 2004


Sources:
www.inlandrevenue.gov.uk/bulletins/tb72.pdf