HMRC PAYE update (Employer Annual Returns, RTI and Regional Employer NICs)
HMRC have provided a further informal update on PAYE related matters for sharing. The update covers Employer Annual Returns, RTI and Regional Employer NICs holiday for new businesses.
Employer Annual Returns
Employer Annual Returns (forms P35 and P14) for 2011-12must be filed online and reach HMRC by 19 May 2012 or you may face a penalty.
Real Time Information
The Real Time Information pilot forges on: HMRC confirms that a further 310 employer schemes will join the Real Time Information (RTI) pilot following its launch last month.
Regional Employer National Insurance Contributions (NICs) Holiday for New Businesses
If you have successfully applied for the scheme and have employed someone during the 2011-12 tax year, you or your agent should have received an Employer NICs Holiday End of Year Return (form E92), which needs to be completed providing details of the NICs holiday claimed. If you or your agent have not yet received a form, but have successfully applied for the NICs holiday you should contact the Employer Helpline on 08457 143 143.
Please return this form with the supporting forms E89 (or equivalent) for each qualifying employee for whom you were entitled to withhold employer Class 1 NICs by 19 May 2012. Forms E89 are recording sheets that can be found on HMRC’s website.
If you withheld some employer’s NICs during the year because you were entitled to the NIC Holiday, and you do not send us the E92 and supporting E89s, your employer payment record will be incorrect and we may seek to recover an underpayment of Class 1 NICs.
11 May 2012