Deadlines looming for employers

Ignore them at your peril! Remember that in most instances interest will be charged on tax paid late and penalties can be levied if forms are late or incorrect.

19 April 2006 - Interest will run on any 2005/06 PAYE, NIC and student loan deductions not paid over by this date (22nd for electronic payments).

19 May 2006 - Employers’ year end returns (P35/P14) due for submission.

31 May 2006 - Employees must be provided with their P60 (certificate of pay and tax deducted).

6 July 2006 - Submission of P11Ds and P9Ds returning details of expenses paid and benefits provided to employees and directors. A copy of the P9D/P11D must also be given to each employee. Also Form 42 covering 2005/06 share issues.

A dispensation, allowing certain items to be omitted from the forms, can be granted by the Revenue.

19 July 2006 - Class 1A NIC for 2005/06 on most benefits in kind provided to employees must be paid. Interest runs from this date on late payments.

19 October 2006 - PAYE settlement agreement liabilities for 2005/06 due, together with Class 1B NIC. Interest runs from this date on late payments.