Today, 15 February, is deadline day for 2010 annual returns by employers and construction, forestry and meat processing contractors.
15 February is the annual deadline for filing of paper-format P35 returns with Revenue. A later deadline of 23 February applies to P35 returns filed online, where the liability is also paid online using the ROS system. The Revenue.ie site contains some useful guidance in relation to P35 returns.
This year’s P35 deadline is also the final opportunity for employers to make Self Corrections to PAYE underpayments for 2009 under Revenue’s Self Correction rules. This is especially relevant in the case of locum doctors engaged to work in GP practices and possible exposure to PAYE/PRSI arrears if they are subsequently deemed to be working as employees.
Revenue have previously warned affected General Practitioners to regularise their 2009 PAYE/PRSI position, if appropriate, by today, 15 February, otherwise they may face penalties for non-compliance. See this recent Revenue eBrief for more on this topic. The ‘if appropriate’ qualification is important as in many instances the question of GP’s liability to PAYE/PRSI is not at all clear-cut.
Finally, today is also the deadline for principal contractors to file 2010 annual RCT35 subcontractors returns with Revenue. A similar deadline extension to 23 February applies also to the RCT35 return. Again this later deadline applies only where both the return and the RCT liability payment are submitted to Revenue using ROS. A recent Revenue eBrief stresses the importance to contractors of filing the RCT35 return on time.