Starting a new business? Get 40% off our accountancy services for 3 months! 😀


HM Revenue & Customs are to issue reminders to employers who have missed the deadline for filing their employer annual returns much sooner than previously. The change will take place to avoid the accumulation of penalty charges as a result of missing the deadline.

Previously, HMRC would issue a reminder to an employer regarding the yearly P35 return form in September following the 19th May deadline. This could mean that four months of penalties had built up by this time. An agreement has been reached between various tax bodies and HMRC, including the Institute of Chartered Accountants in England and Wales and the Association of Taxation Technicians. HMRC will now issue a timely reminder to employers who miss the deadline within one month. The letter will inform the employer that a penalty has been incurred and what action can be taken to avoid the outstanding amount increasing.

Businesses that outsource to a small business accountancy won’t have to worry about late filing of the employer return, which prevents an unexpected and unnecessary penalty charge being incurred. For each month, or part of a month that an employer return is outstanding, HMRC charge £100 penalty. This charge will accrue interest if it isn’t paid and the return submitted.

Other improvements made by HMRC include the issue of a reminder to file letters to employers much closer to the deadline. The letters will be issued in March rather than February. Employers will also be told about the filing deadline when they set up a PAYE scheme so that a penalty is avoided.




Inline Feedbacks
View all comments

Read more posts...

Get Ready for Small Business Saturday UK 2022

Small Business Saturday started in the US in 2010, on the first Saturday following Thanksgiving. It aims to encourage shoppers to consider…

Read More

Architects and Tax

Architecture is a highly diverse sector when it comes to tax. It’s partly down to the type of businesses that carry out…

Read More

June 2022 Client of the Month: Manea Kella

This month we spoke to Adrian Manea, architect and director at Manea Kella, a London based RIBA Chartered architecture and interior design…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.


You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?


Call us on 020 3355 4047 if you’re not sure.