PAY CHECK'S 2007/2008 YEAR END TIMETABLE

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PAY CHECK'S 2007/2008 YEAR END TIMETABLE

 
Date Description Action Responsibility
08/02/2008 Employee Data If you have requested your employee data please email the completed spreadsheet to PC Client
15/2/2008 - 29/2/2008 Archive Records Unless you have arranged collection of your 2006/2007 payroll records PC will be arranging for these to be returned by courier to you. Pay Check
28/02/2008 Inland Revenue form P35 The Revenue will be sending you a paper return to complete. As PC files your return electronically there is no need to forward this to PC. Client
28/02/2008 Additional Payments Inform PC of any bonuses, especially to directors, made during the year that have not been processed through the payroll. Client
27/3/2008 - 18/4/2008 Despatch of P35 report and forms P60 - Guideline 4 PC to complete these forms and send to you by Recorded Delivery to the address the payroll is sent (unless otherwise advised) Pay Check
18/04/2008 Deadline for paying Month 12 PAYE/NIC to the Collector if you make your payments by cheque. The Collector charges interest on any late payments received after 18/4/2008. Client
22/04/2008 Deadline for paying Month 12 PAYE/NIC to the Collector if you pay electronically. If PC pays your PAYE by BACS payment will be made on 22/4/2008. If you make your own payments electronically please ensure your payment is sent to the Collector by 22nd. The Collector will charge interest on late payments. Pay Check/Client
25/04/2008 Year End returns forms P35 and P60 Please contact PC if you have not received your year end package. Client
28/04/2008 Deadline for returning signed P35 report. PC will file your return electronically. However PC still require you to check and sign the final page of the P35 report and return to PC by 28/4/2008. Any signed returns received after 28/4/2008 may incur a late submission fee. Client
30/04/2008 Yellow payslip booklet for PAYE/NIC payments. If PC receives your payslip booklet and you make your own payments, we will forward this onto you. Pay Check
01/05/2008 Forms P11D(b) and Class 1A NIC. If PC receives your forms we will send to you with your May payroll. Pay Check
19/05/2008 IR Deadline for submission of forms P35 and P14's electronically PC will be submitting these forms electronically Pay Check
30/05/2008 Forms P60 Deadline for distributing forms P60 to your employees. Please remind your employees to keep their P60's in a safe place. PC will send you year end reports duplicating the information on the P60 to enable you to provide statement of earnings for lost P60's. PC can issue duplicate P60's at a cost of £7.50 each. During January 09 the charge will be £10.00. PC require 48 hours notice for a duplicate P60. Client
19/07/2008 IR Rebate for filing electronically If you employed less than 50 employees during Oct 06 you will be entitled to a £100.00 rebate from the IR which is offset against your 2008/2009 PAYE liability. If PC pays your PAYE by BACS we will automatically deduct the rebate from your July PAYE Payment. If you make your own payments please deduct from your IR payment. Pay Check/Client
06/07/2008 Forms P11D and P11D(b) Deadline for submitting these forms to the IR. They can be downloaded from the Revenue website www.hmrc.gov.uk Client
19/07/2008 Payment of Class 1A NIC Deadline for paying Class 1A NIC to the Revenue. If PC pays your salaries by BACS we can pay your Class 1A NIC for an additional fee of £10.00 Client
Other Points to Consider:
As a reminder if an employee/director holds a deferment certificate for NIC they must reapply for a new certificate before the beginning of the new tax year from the Contributions Agency
 
As an incentive for companies to file online the Revenue are offering financial incentives. For 2007/2008 the incentive is £100.00 If you employed less than 50 employees during October 2006. This amount will be deducted from your PAYE payment in July 08
 
If Pay Check pays your salaries by BACS for an additional fee we can also pay your PAYE, Pension, VAT or Suppliers by BACS. If you would like further information please contact Tracy Anderson on 020 7498 1133.