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| E-filing incentives for small employers |
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| Where a 2004/05 P35 return for less than 50 employees is successfully e-filed before 19 May 2005 a tax incentive of £250 is due to the employer. |
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Confirmation informing relevant employers that the £250 has been credited in their payment record account for 2005/06 will be made by the Inland Revenue in writing in June 2005. The employer will be able to deduct the £250 from the normal 2005/06 PAYE/NIC payment.
To receive the tax incentive and employer must register to submit the P35 returns via the Internet.
Since this is part of a plan to have all returns submitted electronically within the next 5 years, registration permanently fixes the employer to the Internet submission. If an employer reverts back to paper submission he or she will be fined even if the paper forms are error free.
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