Employment taxes are a significant issue for many employers. Pay as you earn (PAYE) and other employment tax compliance procedures are often complex to administer. Costly financial mistakes can carry penalties of up to 100% collected on income tax and National Insurance contributions (NIC) if not correctly reported.
So it is therefore vital to know significant dates that may affect you. April 2010 saw the introduction of penalties for late in-year PAYE and NIC remittances. Consequently there are now even greater risk issues and financial implications for those companies who fail to get their reporting requirements correct.
Our 2011-12 employer deadline card is designed to guide you through PAYE year-end filing deadlines for the 2010-11 tax year in addition to in-year deadlines for 2011-12.
We want to help make sure that your PAYE reporting and employment tax reporting obligations are fully up-to-date.