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File your PAYE returns online and save hundreds |   |
Did you know that you could save quite a bit of money by filing your PAYE returns online? The Inland Revenue's online service provides employers with a secure method of sending and receiving a range of forms and returns over the Internet.
You can get up to £825 tax-free from HM Revenue and Customs over five years if you file your PAYE returns online. You must employ fewer than 50 people and will get the money after you have successfully filed online; the tax-free payment will be credited to your PAYE payment record
The conditions are as follows:
You can get up to £825 tax-free from HM Revenue & Customs over five years if you file your end of year returns online (clearly the first deadline has passed, but there are plenty more opportunities to save):
- File online for 2004-05 (return due by 19 May 2005) and get £250.
- File online for 2005-06 (return due by 19 May 2006) and get £250.
- File online for 2006-07 (return due by 19 May 2007) and get £150.
- File online for 2007-08 (return due by 19 May 2008) and get £100.
- File online for 2008-09 (return due by 19 May 2009) and get £75.
The tax-free payments are not available for any other tax years. To qualify for the tax-free payments:
- you must have fewer than 50 employees
- send your P14 and P35 data online
- the return must meet HM Revenue & Customs Quality Standard
Posted December 7, 2005
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