Businesses warned to PAYE attention

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HM Revenue & Customs (HMRC) has issued an alert to employers with 50 or more employees in Cornwall – important PAYE changes come into effect in April, so make sure you’re ready for them.

These employers must send their employee starter and leaver information – P45s, P46s and P46(Pen) for pensions – online from 6 April 2009.  Failure to do so could result in a penalty.

Forms are filed online using HMRC’s PAYE Online for Employers service, which employers must first register at HMRC’s website.  Once registered, there are several ways to file: HMRC’s free ‘Online Returns and Forms – PAYE’ service; commercial payroll software; or by Electronic Data Interchange (EDI) – a secure phone line suitable for large numbers of forms.  Alternatively, a payroll agent or bureau can file it for you.

HMRC’s Simon Lidster said: “If you’re an employer with 50 or more employees, and you’re not filing your P45s and P46s online, time is running out. Register now, so you don’t end up facing a penalty.

“These employers also need to remember that their 2008-09 Employer Annual Returns must be submitted online to HMRC by 19 May.  Returns are being accepted now, so we are urging employers to send them in as soon as they are ready.”

There are 275 employers in Cornwall with 50 or people.