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, Classes 2 and 4 NI, capital gains tax and High Income Child Benefit Charge liabilities.
There is a penalty of £100 if your return is not submitted on time, even if there is no tax due or your return shows that you are due a tax refund.
The balance of any outstanding income tax, Classes 2 and 4 NI, capital gains tax and High Income Child Benefit Charge for the year ended 5th April 2019 is due for payment by 31st January 2020. Where the payment is made late interest will be charged.
The first payment on account for 2019/20 in respect of income tax and any Class 4 NI or High Income Child Benefit Charge is also due for payment by 31st January 2020.
If we have already dealt with your self assessment return on your behalf you need take no action.
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 January 2020. In year interest will be charged if payment is made late. Penalties also apply.
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 January 2020. In year interest will be charged if payment is made late. Penalties also apply.
This deadline is relevant to businesses who file a quarterly VAT returns. These businesses will be required to file their VAT returns for the first time under the new Making Tax Digital (MTD) for VAT rules.
Businesses are required to submit their first quarterly returns through MTD functional compatible software.
VAT payment also needs to reach HMRC by this date, unless payment is made by direct debit in which case payment is due by 10th October 2019.
Penalties – default surcharge will continue to apply on late payment or late submission of VAT returns.
Deferrals – A small number of VAT registered businesses with more complex requirements have been deferred until 1st October 2019. Businesses who fall into one of the following categories: ‘trusts, ‘not for profit’ organisations that are not set up as a company, VAT divisions, VAT groups, those public sector entities required to provide additional information on their VAT return (Government departments, NHS Trusts), local authorities, public corporations, traders based overseas, those required to make payments on account and annual accounting scheme users’ have been deferred.
If we complete the VAT return on your behalf, you need take no action.
This deadline is relevant to businesses who file a quarterly VAT returns. These businesses will be required to file their VAT returns for the first time under the new Making Tax Digital (MTD) for VAT rules.
Businesses are required to submit their first quarterly returns through MTD functional compatible software.
VAT payment also needs to reach HMRC by this date, unless payment is made by direct debit in which case payment is due by 10th September 2019.
Penalties – default surcharge will continue to apply on late payment or late submission of VAT returns.
Deferrals – A small number of VAT registered businesses with more complex requirements have been deferred until 1st October 2019. Businesses who fall into one of the following categories: ‘trusts, ‘not for profit’ organisations that are not set up as a company, VAT divisions, VAT groups, those public sector entities required to provide additional information on their VAT return (Government departments, NHS Trusts), local authorities, public corporations, traders based overseas, those required to make payments on account and annual accounting scheme users’ have been deferred.
If we complete the VAT return on your behalf, you need take no action.
This deadline is relevant to businesses who file a quarterly VAT returns. These businesses will be required to file their VAT returns for the first time under the new Making Tax Digital (MTD) for VAT rules.
Businesses are required to submit their first quarterly returns through MTD functional compatible software.
VAT payment also needs to reach HMRC by this date, unless payment is made by direct debit in which case payment is due by 10th August 2019.
Penalties – default surcharge will continue to apply on late payment or late submission of VAT returns.
Deferrals – A small number of VAT registered businesses with more complex requirements have been deferred until 1st October 2019. Businesses who fall into one of the following categories: ‘trusts, ‘not for profit’ organisations that are not set up as a company, VAT divisions, VAT groups, those public sector entities required to provide additional information on their VAT return (Government departments, NHS Trusts), local authorities, public corporations, traders based overseas, those required to make payments on account and annual accounting scheme users’ have been deferred.
If we complete the VAT return on your behalf, you need take no action.
This deadline is relevant to businesses that file monthly VAT returns. These businesses will be required to file their VAT return for the first time under the new Making Tax Digital (MTD) for VAT rules.
Businesses are required to submit their monthly VAT returns using MTD functional compatible software.
VAT payment also needs to reach HMRC by this date, unless payment is made by direct debit in which case payment is due by 10th June 2019.
Penalties – default surcharge will continue to apply on late payment or late submission of VAT returns.
Deferrals – A small number of VAT registered businesses with more complex requirements have been deferred until 1st October 2019. Businesses who fall into one of the following categories: ‘trusts, ‘not for profit’ organisations that are not set up as a company, VAT divisions, VAT groups, those public sector entities required to provide additional information on their VAT return (Government departments, NHS Trusts), local authorities, public corporations, traders based overseas, those required to make payments on account and annual accounting scheme users’ have been deferred.
If we complete the VAT return on your behalf, you need take no action.
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.
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.
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