online filing: why start now?
Ready? HMRC is reminding companies which employ fewer than 50 employees that from April 6 2011 it will be compulsory for them to file any P45 and P46 forms online (the starter and leaver documents). This is already mandatory for those with 50+ staff.
Get set. It’s also encouraging this to be done well before the deadline. Not only will this mean you have more time to learn the software, but the electronic system itself is much more secure.
Go. From the cut-off date, it will no longer be possible to submit paper copies of these documents and any failure to comply with the online filing requirement could result in a penalty of up to £3,000.
For further information on online filing, visit http://companydirector.indicator.co.uk (CD 11.22.08).