September 2010 Tax Diary

Just a quick reminder about tax deadlines that are due during September:

1 September 2010

- Due date for corporation tax due for the year ended 30 November 2009.

19 September 2010

- PAYE and NIC deductions due for month ended 5 September 2010. (If you pay your tax electronically the due date is . . . → Read More: September 2010 Tax Diary

7 day concession to be withdrawn!

Advance warning has been given that after 31 March 2011 HM Revenue & Customs are withdrawing a concession that allows you an extra 7 days to file certain returns.

The returns affected are:

1. Company tax returns. 2. Annual PAYE returns P35 and P14s.

The concession was granted to allow for postal delays that are no . . . → Read More: 7 day concession to be withdrawn!

August 2010 Tax Diary

Just a reminder of some deadline that are approaching during August:

1 August 2010

- Due date for corporation tax due for the year ended 31 October 2009.

19 August 2010

- PAYE and NIC deductions due for month ended 5 August 2010. (If you pay your tax electronically the due date . . . → Read More: August 2010 Tax Diary

Tax Diary – June 2010

Just a reminder that the following deadline are due during June:

1 June 2010

Corporation tax due for the year ended 31 August 2009.

19 June 2010

PAYE and NIC deductions due for month ended 5 June 2010. (If you pay your tax electronically the due date is 22 June 2010)

Deadline for filing . . . → Read More: Tax Diary – June 2010

Tax Deadlines May 2010

Don’t forget that the following deadline are due Wednesday 19th May:

PAYE and NIC deductions due for month ended 5 May 2010. (If you pay your tax electronically the due date is 22 May 2010) Filing deadline for the CIS300 monthly return for the month ended 5 May 2010. CIS tax deducted for the . . . → Read More: Tax Deadlines May 2010

PAYE For Employers

PAYE is the system that HMRC uses to collect Income Tax and National Insurance contributions from employees’ pay as they earn it.

As an employer, you will have to deduct tax and NICs from your employees pay each pay period and pay Employer’s Class 1 NICs if they earn above a certain threshold.

Employers’ . . . → Read More: PAYE For Employers

Taxman’s Error Could Hit Thousands of Pensioners

Following the introduction of a new computer system at HM Revenue & Customs, thousands of pensioners may have been issued with the wrong tax code.

The people that could be included, and could be paying too much or too little tax, are:

1. People who started to claim their state pension during the 2009/10 tax year. 

. . . → Read More: Taxman’s Error Could Hit Thousands of Pensioners

Tax Diary for January 2010

Just a reminder of important tax deadlines that are coming up in Janauary: 

1 January 2010

- Due date for corporation tax payable for the year ended 31 March 2009.

19 January 2010

- PAYE and NIC deductions due for month ended 5 January 2010. (If you pay your tax electronically the due . . . → Read More: Tax Diary for January 2010

PAYE – Filing and Payment Changes

If your business has less than 50 employees, you must:

File your Employer Annual Return (P35 & P14s) online. This means your 2009-10 Employer Annual Return, due by 19 May must be filed online, and Under Government proposals send your employee starter and leaver forms (P45, P46, P46[Pen] and P46[Expat]) online from 6 April . . . → Read More: PAYE – Filing and Payment Changes