P35 Deadline 15th February 2014

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The P35 2013 Deadline is the 15^th February 2014. The extended date for ROS customers who pay and file is the 23^rd February 2014.

Prosecutions/Penalties

As an employer you may face criminal proceedings for the non-submission of a P35 return. On conviction, you will be liable to a fine of up to a maximum of€5,000 or to a term of imprisonment, or both, at the discretion of the judge.

If you fail to submit a complete P35 return by the 15th February deadline you will be liable to a penalty up to a maximum of €4,000 and you also risk a possible revenue audit.

If you do not submit a complete P35 return on time it may cause your employees unnecessary difficulty and delay when claiming social welfare benefits.

Important Points

• Make sure to include all employees who worked for you, at any time during the year, included on your return.
• Only make one entry for each employee. Add the total for each period of employment and show only the overall total.

• If you had no employees in the period you still need to file a nil return.

P60’s

For the tax year 2010 and onwards all employers must print P60s on their own stationery as Revenue is no longer making P60 stationery available for employers to print P60s. Specialised paper previously provided will no longer be available.

If you are making your return on ROS you must now print P60s onto your own blank stationery. A template of the Revenue P60 is available on ROS and you can print P60s onto blank stationery from this template. The P60 template is also available through Payroll Software providers.

Fás Schemes

Community Employment Scheme participants should be recorded under class A8 when the allowance is €352 or less per week, and class A9 when the allowance exceeds €352 per week. Supervisors on Community Employment FÁS Apprenticeship Schemes are insurable at class A in the normal way.

Employer Exemption

Classes A4, A5, A6 and A7 refer to the Employer’s PRSI Exemption Scheme. You must have obtained approval from the Department of Social & Family Affairs to use Classes A4, A5, A6 and A7.

Declan Moore is Audit Manager in OSK. Contact OSK today for all you tax and accounting services on 01 439 4200.

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