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The Revenue has added another question to the 'frequently asked questions' on the IR35 section of its website. The question concerns whether the arrangement whereby the Revenue will not seek penalties for an incorrect return P35 for any deemed Schedule E payment for 2000-01 as long as certain conditions are met has been withdrawn.
The Revenue has confirmed that this arrangement will continue until further notice. So no penalty will be sought for an incorrect return P35 for any deemed Schedule E payment for 2001-02 provided that:
* the return P35 is submitted by 19 May 2002;
* the return (or a covering letter) says that the service company legislation applies to the employer;
* an amount is included in the return for the tax and National Insurance due on the deemed Schedule E payment;
* it is...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
