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This Month
Tax gap remains low
HMRC has published a report showing that the UK tax gap in 2017/18.
Thursday, July 4, 2019Preparing the workforce for EU Exit
Over two thirds of EU citizens that are currently in the UK are here for work.
Thursday, July 4, 2019MTD for VAT latest
HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system.
Thursday, July 4, 2019Employer Bulletin - latest guidance
HMRC has issued the June 2019 edition of the Employer Bulletin.
Thursday, July 4, 2019New measures to ensure small businesses get paid on time
The government has announced a package of measures to ensure small businesses get paid on time.
Thursday, July 4, 2019Payment on account confusion
Under self assessment taxpayers are required to make payments on account of their tax liabilities.
Thursday, July 4, 2019UK Investment Support Directory
International investors who wish to set up and expand their operations in the UK can now benefit from an online tool launched by the Department for International Trade (DIT).
Thursday, July 4, 2019Consultation on the operation of Insurance Premium Tax
HMRC has launched a consultation to review the extent to which the emerging practices are leading to 'unfair tax outcomes' in the administration and collection of Insurance Premium Tax (IPT).
Thursday, July 4, 2019OTS calls for simplifying everyday tax for smaller businesses
A report by the Office of Tax Simplification (OTS) calls on the government to prioritise action to 'address long-standing concerns about the experience of smaller businesses'.
Tuesday, June 4, 2019HMRC taskforce tackles dishonest dog breeders
A taskforce has recovered more than £5 million by tackling dishonest dog breeders selling pups on the black market.
Tuesday, June 4, 2019Forms P11D - reporting employee benefits
The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by 6 July 2019.
Tuesday, June 4, 2019Welsh taxpayers income tax code mix-up
From April 2019, Welsh taxpayers were assigned new income tax codes beginning with the letter 'C'.
Tuesday, June 4, 2019Consultation on Companies House reforms
The government has launched a consultation on proposed reforms at Companies House, including a 'major upgrade' of its register.
Tuesday, June 4, 2019Consultation on ancillary capital gains reliefs
A capital gains tax exemption applies when an individual disposes of a dwelling that has been used as their only or main residence under the Private Residence Relief rules.
Tuesday, June 4, 2019Advisory fuel rates for company cars
New company car advisory fuel rates have been published which take effect from 1 June 2019.
Tuesday, June 4, 2019Non-compliance with minimum wage regulations
A recent Low Pay Commission report sets out its findings on the number of people being paid less than the statutory minimum wage.
Tuesday, June 4, 2019Other
Budget Report
Information and links about the budget report
Wednesday, July 17, 2019Autumn Statement
Information and links about the autumn statement
Wednesday, July 17, 2019Diary
Class 1A NIC due for 2018/19
This deadline is relevant for employers who have provided their employees with benefits for 2018/19. These benefits should have been reported by the 6th July and the amount of the Class 1A employer only NI liability due calculated on the form P11D(b). Where the payment is made electronically the deadline for receipt of cleared payment is 22nd July 2019. Interest will be charged if payment is made late. Penalties may also apply.
PAYE Student loan and CIS deductions due for the month to 5th July 2019
This deadline is relevant to employers who have made PAYE deductions from their employees' salaries and to contractors who have paid subcontractors under the CIS.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Where the payment is made electronically the deadline for receipt of cleared payment is 22nd July 2019. In year interest will be charged if payment is made late. Penalties also apply.
PAYE quarterly payments are due for small employers for the pay periods 6th April 2019 to 5th July 2019
This deadline is relevant to small employers and contractors only. As a small employer with income tax, national insurance and student loan deductions of less than £1,500 a month you are required to make payment to HMRC of the income tax, national insurance and student loan deductions on a quarterly basis.
Where the payment is made electronically the deadline for receipt of cleared payment is 22nd July 2019. In year interest will be charged if payment is made late. Penalties also apply.
Second payment on account 2018/19 due
This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax, Class 4 NI, capital gains tax and High Income Child Benefit Charge liabilities.
The second payment on account in respect of income tax and any Class 4 NI is due for payment by 31st July 2019. Interest is charged on any late payments.
If we have already dealt with this matter on your behalf you need take no action.
Deadline for submitting P46 (car) for employees whose car/fuel benefits changed during the quarter to 5th July 2019
p>This deadline is relevant to employers who provide any employees with the use of a car. The form P46 (car) only needs to be completed where a car is first provided or an additional car is provided, or an employee ceases to have the use of a car without replacement. The completion of the form enables HMRC to amend the individual's coding notice to reflect the change in benefit. This notification may be made by completing and printing off the relevant by paper or online forms.Where one car is merely replaced with another, this may be notified online.
A change in car for car benefits which are being 'payrolled' should not be reported on a P46(car).
PAYE, Student loan and CIS deductions are due for the month to 5th August 2019
This deadline is relevant to employers who have made PAYE deductions from their employees' salaries and to contractors who have paid subcontractors under the CIS.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Where the payment is made electronically the deadline for receipt of cleared payment is 22nd August 2019. In year interest will be charged if payment is made late. Penalties also apply.
Advisory Fuel Rates
New Advisory Fuel Rates (AFR) for company car users apply from today. The rates can be found by visiting https://www.gov.uk/government/publications/advisory-fuel-rates
PAYE, Student loan and CIS deductions are due for month to 5th September 2019
This deadline is relevant to employers who have made PAYE deductions from their employees' salaries and to contractors who have paid subcontractors under the CIS.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Where the payment is made electronically the deadline for receipt of cleared payment is Friday 20th September 2019 unless you are able to arrange a 'Faster Payment' to clear on or by Sunday 22nd September 2019. In year interest will be charged if payment is made late. Penalties also apply.
Deadline for notifying HMRC of new sources of taxable income or gains or liability to the High Income Child Benefit Charge for 2018/19 if no tax return has been issued
This deadline is relevant to individuals who have not received a self assessment tax return for the year ended 5th April 2019 but who believe they have received income or capital gains which will result in a tax liability. This deadline is also relevant to individuals who are liable to the High Income Child Benefit Charge.
Individuals must notify HMRC of their liability so that a self assessment return can be issued in good time for the submission deadline of 31st January 2020.
If we have already dealt with this matter on your behalf you need take no action.
Tax and NI due under a 2018/19 PAYE Settlement Agreement
This deadline is relevant for employers who have entered into a PAYE settlement agreement to pay tax and national insurance in respect of benefits in kind for their employees for the year ended 5th April 2019.
Where the payment is made electronically the deadline for cleared receipt of cleared payment is 22nd October 2019.
PAYE, Student loan and CIS deductions are due for the month to 5th October 2019
This deadline is relevant to employers who have made PAYE deductions from their employees' salaries and to contractors who have paid subcontractors under the CIS.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Where the payment is made electronically the deadline for receipt of cleared payment is 22nd October 2019. In year interest will be charged if payment is made late. Penalties also apply.
PAYE quarterly payments are due for small employers for the pay periods 6th July 2019 to 5th October 2019
This deadline is relevant to small employers only. As a small employer with income tax, national insurance and student loan deductions of less than £1,500 a month you are required to make payment to HMRC of the income tax, national insurance and student loan deductions on a quarterly basis.
Where the payment is made electronically the deadline for receipt of cleared payment is 22nd October 2019. In year interest will be charged if payment is made late. Penalties also apply.
Deadline for submitting 'paper' 2018/19 self assessment returns
This deadline is relevant to individuals who need to complete a self assessment tax return for 2018/19 and wish to file the return in a 'paper' form. Self assessment returns submitted after this date must be submitted electronically.
Please note that this deadline is not relevant if we are going to submit an online return for you or you are going to deal with the completion of an online return yourself. The deadline for submission of online returns is 31 January 2020.
If we are already dealing with this matter on your behalf you need take no action.
Deadline for submission of 2018/19 self assessment returns if you require HMRC to compute your tax liability and/or if tax underpaid is to be collected by adjustment to your 2020/21 PAYE code
This deadline is only relevant for those individuals who complete a 'paper' self assessment tax return and who are employees. Where you have an underpayment you may request that HMRC collect the tax outstanding by making an adjustment to your tax code for the year 2020/21.
Please note that where your return is submitted online then the filing deadline for 'coding out' is 30 December 2019.
If we are already dealing with this matter on your behalf you need take no action.
Deadline for submitting P46(car) for employees whose car/fuel benefits changed during the quarter to 5th October 2019
This deadline is relevant to employers who provide any employees with the use of a car. The form P46 (car) only needs to be completed where a car is first provided or an additional car is provided, or an employee ceases to have the use of a car without replacement. The completion of the form enables HMRC to amend the individual's coding notice to reflect the change in benefit. This notification may be made by completing and printing off the relevant by paper or online forms.
Where one car is merely replaced with another, this may be notified online.
A change in car for car benefits which are being 'payrolled' should not be reported on a P46(car).
PAYE, Student loan and CIS deductions are due for the month to 5th November 2019
This deadline is relevant to employers who have made PAYE deductions from their employees' salaries and to contractors who have paid subcontractors under the CIS.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Where the payment is made electronically the deadline for receipt of cleared payment is 22nd November 2019. In year interest will be charged if payment is made late. Penalties also apply.
Advisory Fuel Rates
New Advisory Fuel Rates (AFR) for company car users apply from today. The rates can be found by visiting https://www.gov.uk/government/publications/advisory-fuel-rates
PAYE, Student loan and CIS deductions are due for the month to 5th December 2019
This deadline is relevant to employers who have made PAYE deductions from their employees' salaries and to contractors who have paid subcontractors under the CIS.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Where the payment is made electronically the deadline for receipt of cleared payment is Friday 20th December 2019 unless you are able to arrange a 'Faster Payment' to clear on or by Sunday 22nd December. In year interest will be charged if payment is made late. Penalties also apply.
Online filing deadline for submitting 2018/19 self assessment return if you require HMRC to collect any underpaid tax by making an adjustment to your 2020/21 tax code
This deadline is relevant for those individuals who complete a self assessment tax return online and who are employees. Where you have an underpayment you may request that HMRC collect the tax outstanding by making an adjustment to your tax code for the year 2020/21.