We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Is no P35 return due?
hwalkerh
Posts: 307 Forumite
I mentioned to someone i know who started a business in Feb11 that an annual return will be due by 19th May. They said there accountant hasn't said anything to them.
Having had a look online as they don't draw a wage so there is no p11 for payroll maybe they don't need to submit one but should they be submitting a note to say they have no return to submit?
Or as they have only been going a couple of months do they not need to do this yet?
Having had a look online as they don't draw a wage so there is no p11 for payroll maybe they don't need to submit one but should they be submitting a note to say they have no return to submit?
Or as they have only been going a couple of months do they not need to do this yet?
0
Comments
-
I mentioned to someone i know who started a business in Feb11 that an annual return will be due by 19th May. They said there accountant hasn't said anything to them.
Having had a look online as they don't draw a wage so there is no p11 for payroll maybe they don't need to submit one but should they be submitting a note to say they have no return to submit?
Or as they have only been going a couple of months do they not need to do this yet?
An Annual Return must be submitted regardless if you are taking a wage or not. if you are unsure call the HMRC helpline 0845 605 59990 -
This is what it says on HMRC which indicates that if no one is drawing a wage then you don't need to complete a p35?
"You must complete and file an Employer Annual Return if you have had to maintain a form P11 (or equivalent payroll deductions record) for at least one employee during the tax year. This applies even if you didn't have to make any deductions of PAYE (Pay As You Earn) tax or National Insurance contributions (NICs) from your employee(s) during the year."0 -
As above there should be a nil return..... https://online.hmrc.gov.uk/shortforms/form/P35NilEmployer0
-
As above there should be a nil return..... https://online.hmrc.gov.uk/shortforms/form/P35NilEmployer
Only if they've registered as an employer for PAYE. If they haven't registered, because they didn't need to, then there's no P35 to submit nor a nil return.0 -
P35s are only relevant if you are registered as an employer with the HMRC and running a PAYE scheme. It's just part of the annual paperwork that relates to PAYE. If they aren't a PAYE scheme employer, then none of the PAYE stuff is relevant to them.
It sounds as if they are a sole trader taking drawings only, if so, this is not applicable to them.Cash not ash from January 2nd 2011: £2565.:j
OU student: A103 , A215 , A316 all done. Currently A230 all leading to an English Literature degree.
Any advice given is as an individual, not as a representative of my firm.0 -
Should learn to read the question a bit more carefully!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards