HMRC PAYE update (P11D(b))
HMRC have provided a further informal update on PAYE related matters for sharing. The update covers P11D(b) Return of Class 1A National Insurance Contributions.
PAYE: P11D(b) Return of Class 1A National Insurance Contributions – 1st Interim Penalty for outstanding returns
From 14 November HM Revenue & Customs (HMRC) will start to send penalty notices where records show that employers have not sent their 2010-11 form P11D(b) Annual Return of Class 1A National Insurance Contributions due. This return was due by 6 July 2011.
Employers who submitted a P11D(b) return for the 2009-10 tax year will have been sent a reminder and a payslip before the deadline.
The penalty will be £100 per 50 employees for each month the return is outstanding, from 7 July 2011 to 6 November 2011. So, an employer with 50 or less employees will receive a £400 penalty. This penalty is the first one to be issued for the 2010-11 P11D(b) return.
Employers, who have not sent in their return, should do so without delay.
Completing form P11D(b) – find out more
How to pay Class 1A National Insurance
11 November 2011