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Penalty charges could be in store for employers who fail to submit their annual tax returns on time. HM Revenue and Customs have announced this warning after new changes to tax return rules that have come into play this year. There will no longer be any extra time concession system for late tax return submissions so get those dates in your diary now!

Employer Annual Returns – P35 and P14s – can be submitted online right up to 19th May. With no extra time allowances to claim, the HMRC will now be charging any employers who have not submitted the stated tax returns but the deadline with a late filing penalty.

Also beginning this year, employers will face penalty charges if they file their annual tax returns on paper. However, there are exceptions to this rule; for example, this does not include those who employ their own carer. This is a change from last year, which saw only employers with more than five employees get fined for this.

HMRC have informed employers that between 10am and 4pm on working days is classed as peak times, as well as between 13th and 19th May, so it is advisable to avoid filing their tax returns within these times, if possible.