Tax Update (August 2008)
P11D (b) Penalties
From Monday the 14th of July HMRC is issuing penalty notices to
employers where their records show that they have not received a
P11D (b) form for the 2006-07 tax year which should have been with
HMRC by the 6th of July 2007.
This form tells them the amount of class 1a National Insurance
Contributions due on any expenses and benefits that have been
provided to employees and directors of each company.
These will be additional penalties to those imposed in November
2007, and will be £100 per 50 employees for each month that the
return is outstanding between the 7th of March 08 and the 6th of
July 08.
If you receive a penalty notice that you believe has been issued
in error, you can appeal by writing within 30 days to the office
named on the notice. Your letter should state your reasons for
thinking that the penalty is incorrect.
Please read legal information.