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SMEs reminded of change to payroll filing
Small businesses owners have been reminded that electronic payroll filing will be compulsory for all companies from 2009-10.
HM Revenue & Customs (HMRC) will require all employers to file their P35 and P14 year-end tax and national insurance documents online.
According to software supplier IRIS many businesses are unprepared for this change and consequently has issued a guide to the HMRC requirements.
"Until now, organisations with fewer than 50 employees have been free to file their returns using a number of methods," said Oliver Shaw, IRIS managing director.
"Larger organisations have been compelled to file electronically since 2005; however, new regulations make electronic filing compulsory for all businesses from the end of this fiscal year."
Post Date: October 30th, 2009
HM Revenue & Customs (HMRC) will require all employers to file their P35 and P14 year-end tax and national insurance documents online.
According to software supplier IRIS many businesses are unprepared for this change and consequently has issued a guide to the HMRC requirements.
"Until now, organisations with fewer than 50 employees have been free to file their returns using a number of methods," said Oliver Shaw, IRIS managing director.
"Larger organisations have been compelled to file electronically since 2005; however, new regulations make electronic filing compulsory for all businesses from the end of this fiscal year."
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Post Date: October 30th, 2009
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