New Advisory Fuel Rates (AFR) for company car users apply from today. The rates can be found by visiting www.gov.uk/government/publications/advisory-fuel-rates.
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Second payment on account 2015/16 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 2016. Interest is charged on any late payments.
If we have already dealt with this matter on your behalf you need take no action.
PAYE quarterly payments are due for small employers for the pay periods 6th April 2016 to 5th July 2016
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 2016. In year interest will be charged if payment is made late. Penalties also apply.
PAYE Student loan and CIS deductions due for the month to 5th July 2016
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 2016. In year interest will be charged if payment is made late. Penalties also apply.
Class 1A NIC due for 2015/16
This deadline is relevant for employers who have provided their employees with benefits for 2015/16. 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 2016. Interest will be charged if payment is made late. Penalties may also apply.
Deadline for employers to report share incentives (Form 42) for 2015/16
This deadline is relevant for companies who have either received a notice to complete a form 42 or who have reportable events for the tax year 2015/16.
Deadline for forms P11D, P9D and P11D(b) for 2015/16 to be submitted to HMRC and copies to be issued to employees concerned
This deadline is relevant to employers. Details of benefits and expenses provided to employees must be reported to HMRC on the relevant forms P11D. The P11D(b) form is used to calculate the Class 1A NI liability.
Please be aware that if we deal with the forms P11D on your behalf that we will ensure this matter is dealt with on a timely basis.
Deadline for reaching a PAYE Settlement Agreement for 2015/16
This deadline is relevant for employers who wish to pay the tax and NI on benefits provided to their employees. Agreement must be reached with HMRC of the benefits and related liabilities which are not to be shown on the forms P11D by this date.
Please be aware that if we deal with the PAYE Settlement Agreement on your behalf that we will ensure this matter is dealt with on a timely basis.
Deadline for submitting your 2015/16 self assessment return (£100 automatic penalty if your return is late) and the balance of your 2015/16 liability together with the first payment on account for 2016/17 are also 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, 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 2016 is due for payment by 31st January 2017. Where the payment is made late interest will be charged.
The first payment on account for 2016/17 in respect of income tax and any Class 4 NI or High Income Child Benefit Charge is also due for payment by 31st January 2017.
If we have already dealt with your self assessment return on your behalf you need take no action.
PAYE quarterly payments are due for small employers for the pay periods 6th October 2016 to 5th January 2017
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 Friday 20th January 2017 unless you are able to arrange a ‘Faster Payment’ to clear on or by Sunday 22nd January. In year interest will be charged if payment is made late. Penalties also apply.