If you are an employer and have a PAYE scheme registered with HM Revenue and Customs (HMRC), then you will have to complete and submit an Employer’s Annual Return, also known as a P35. This summarises the PAYE and NIC deducted from your employees, and if relevant, any CIS tax deducted from your subcontractors and any CIS tax deducted from you by your customers.
The P35 must be submitted online to HMRC. The deadline for submission of the P35 is 19 May 2012.
In addition to the P35, an employer must also issue P60’s to their employees, which summarise their salary and tax deducted for the year. If an employee has left during the year, there is no obligation to issue a P60, as the necessary information would have been on a P45.
P60’s must be issued to employees by 31 May 2012.
More information is available here.
GBM Accounts provide a full payroll service, from calculating weekly/monthly salary and PAYE obligations, to filing annual returns. If you would like more information, please do not hesitate to contact us.
