Readers are reminded that forms P11D, P11D(b) and P9D are due for filing by 6 July 2010, only one day away. Failure to file by the deadline could result in a penalty.
HMRC have stressed that submissions must meet their quality standards. Forms which don’t meet these standards will be rejected and thus run the risk of incurring a penalty if not corrected and submitted in time for the deadline.
Online submissions cannot be filed until problems are corrected and paper forms with errors will be returned by HMRC for correction.
Furthermore even if there is no requirement to complete P11D, P11D(b) or P9D a nil return is still required if a nil P35 return has been submitted and the box P11D(b) ‘to follow’ was ticked. However if HMRC are already aware that there is no requirement to file P11D, P11D(B) or P9D then further action is not necessary.
If an adjustment to Class 1A National Insurance contributions is required on P11D(b) readers should not complete box C, the checkbox should be ticked and then Section 4 of P11D(b) completed.
For more information go to:-
Form P11D quality standard – avoid rejections and delays
Readers are also reminded of the impending deadline for Form 42 which is also due for filing by 6 July. Penalties may be chargeable by HMRC if form 42 is received late or is incomplete or inaccurate.
Form 42 should be used to record reportable events related to Employment Related Securities. 'Employment-related' securities and securities options are those acquired by reason of employment, or deemed to be so acquired because the opportunity to acquire them is made available to employees by an employer or a person connected with an employer.
Form 42 can be found on the HMRC website
Detailed guidance on completing the form can be found here