Monday 28 May 2012  

Glossary

PAYE Forms

There are a number of forms which an employer needs to be complete at the end of the tax year and filed an part of the employer annual return (P35)

The employer annual returns have to be filed by May and the fines for late filing are currently running at £100 / month for each month late.

The forms required are:

P35

An example of this form can be found here.

This is an example only and you have to use the actual form issued by HMRC or file on line.

P14

An example of a completed P14 can be found here.

This is an example only and the form should be generated by your payroll system.

P11D

In addition P11Ds are used to declare employees benefits in kind. These have to be filed in July and again there are fines for late filing of the return.

An example of this form can be found here.