Although the change to the new Real Time Information (RTI) system from April 2013 is grabbing all the headlines, if you operate PAYE (Pay As You Earn) there are still a number of key tasks you must complete via the old system for the end of the tax year on 5 April.
The key deadlines issued by HM Revenue & Customs (HMRC) are:
Outstanding PAYE tax and Class 1 NICs – postal payments must reach your HMRC Accounts Office
Outstanding PAYE tax and Class 1 NIC – cleared electronic payments reach HMRC bank account.
File your Employer Annual Return (P35 and P14s)
If you are exempt from the requirement to file your Employer Annual return online your paper return must reach HMRC Customer Operations Employer Office by 19 May.
Give each relevant employee a form P60
File expenses and benefits annual return (forms P11D, P9D and P11D(b)) if applicable – give a copy to your employees
This is the last date for your form P9D and forms P11D, or substitutes. P11D(b) to reach your HMRC office.
Class 1A NICs – postal payments must reach your HMRC Accounts Office
Class 1A NICs – cleared electronic payments must reach HMRC bank account
Almost all employers are required to file their annual return online. If you haven’t already registered to do so, completing the registration process can take up to seven days, and there are penalties if you file your annual return late – so don’t leave registering until the last minute.
Further information is available from HMRC’s payroll year end checklist here >>