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DIARY OF MAIN TAX EVENTS JANUARY/FEBRUARY 2021

Tax Diary, Uncategorized

Date What’s Due 01/01/21 Corporation tax for year to 31/03/20 (unless quarterly instalments apply) 19/01/21 PAYE & NIC deductions, and CIS return and tax, for month to 05/01/21 (due 22/01 if you pay electronically) 31/01/21 Deadline for Self-Assessment tax return for 2019/20 if filed online. Also the due date for 2019/20 balancing payment and 50% […]

DIARY DATES OF MAIN TAX EVENTS NOVEMBER/DECEMBER 2019

Tax Diary, Uncategorized

 Date What’s Due 01/11/19 Corporation tax for year to 31/01/19 unless quarterly installments apply 19/11/19 PAYE & NIC deductions, and CIS return and tax, for month to 05/11/19 (due 22/11 if you pay electronically) 30/11/19 VAT for Returns ended 30/09/19 (due 07/11 if paid electronically, 12/11 if paid by direct debit) 01/12/19 Corporation tax payment […]

TAX DIARY OF MAIN EVENTS FOR MAY / JUNE 2016

Uncategorized

1st May – Corporation tax for year to 31/07/15 19th May – PAYE & NIC deductions, and CIS return and tax, for month to 5/05/16 (due 22 May if you pay electronically) 31st May – VAT for Returns ended 31/03/16 (due 7 May if you pay electronically, 12 May if you pay by direct debit) […]

TAX DIARY OF MAIN EVENTS

Tax Diary, Uncategorized

1st February – Corporation tax for year to 3/04/15 19th February – PAYE & NIC deductions, and CIS return and tax, for month to 5/02/16 (due 22 February if you pay electronically) 1st March – Corporation tax for year to 31/05/15 19th March – PAYE & NIC deductions, and CIS return and tax, for month to 5/03/16 (due 22 March if […]

END OF YEAR PAYE RETURN REMINDER

Uncategorized

Under RTI the end of year form P35 was replaced by the Final Full Payment (FPS) submission. Send your final FPS on or before your employees’ last payday of the tax year (5 April) instead of the old 19 April deadline. Remember to put ‘Yes’ in the ‘Final submission for year’ field in your payroll […]

RTI CONCESSIONS FOR SMALL EMPLOYERS TO END FROM 6 APRIL 2016

Uncategorized

The Government announced at Autumn Statement 2015 that the current two year temporary reporting relaxation will end as planned on 5 April 2016. The relaxation permitted employers who at 5 April 2014 employed no more than 9 employees, to report their PAYE information for the tax month ‘on or before’ the last payday in the […]

CONTRACTING OUT OF ADDITIONAL STATE PENSION ENDS 5 APRIL 2016

Uncategorized

From 6 April 2016 employees of contracted-out defined benefit (DB) schemes will automatically be brought back into the State Pension scheme and will no longer be able to use a contracted-out salary related (COSR) occupational pension scheme to contract out of the State Scheme. Employees will, depending on their level of earnings, start to accrue […]

TAX CHARGE ON ANNUITY SALES TO BE REDUCED FROM APRIL 2017

Tax, Uncategorized

The Government has confirmed that from 6 April 2017, tax restrictions for people looking to sell annuities will be removed, giving those with existing annuity, and anyone who purchases an annuity in the future, the freedom to sell their right to future income streams for an upfront cash sum. Currently, people wishing to sell their […]

DOES YOUR COMPANY OPERATE IN AN ENTERPRISE ZONE?

Uncategorized

If your company is located in one of the 30 or so enterprise zones, there are significant Government incentives to encourage investment. HMRC have added maps to their online guidance, showing sites within enterprise zones that offer 100% first-year allowances for companies investing in new plant or machinery until 31 March 2020. This 100% allowance […]

CONSULTATION ON 3% SDLT SUPPLEMENT ON SECOND HOMES FROM APRIL 2016

Uncategorized

HMRC are consulting on the details of the higher rates of stamp duty land tax (SDLT) on purchases of additional residential properties announced in the 2015 Autumn Statement. The Government will include detailed rules in the Budget on 16 March 2016. The higher rates will not apply if at the end of the day of […]