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Penalty warning on late P11D(b) Returns. Pearson May News Update - Tuesday 14 July
- Penalty warning on late P11D(b) Returns
- New accountancy rules on leasing may hit small firms
- Review could signal end of compulsory retirement age
Penalty warning on late P11D(b) Returns
HM Revenue & Customs (HMRC) has said that, as from 13 July, it has started to send penalty notices to employers who have not yet filed their 2007-08 form P11D(b) Annual Returns.
The returns were due by 6 July 2008.
HMRC said that the penalty will be £100 per 50 employees for each month the return is outstanding, from 7 March 2009 to 6 July 2009. The penalty is in addition to those sent out in November 2008 and March 2009.
Employers are being urged to submit any outstanding returns as soon as possible.
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