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Main tax events for March/April 2023
MARCH / APRIL 2023 Date What’s Due 01/03 Corporation tax payment for year to 31/05/22 (unless quarterly instalments apply) 19/03 PAYE & NIC deductions, and CIS return and tax, for month to 05/03/23 (due 22/03 if you pay electronically) 01/04 Corporation tax...
Essential tax dates for March
1 March New Advisory Fuel Rates (AFR) for company car users apply from today. 3 March 5% late payment penalty on any 2021/22 outstanding tax which was due on 31 January 2023 and still remains unpaid. 19 March PAYE, Student loan and CIS deductions are due for the month...
Key tax date for February & March 2023
Date What’s Due 01/02 Corporation tax payment for year to 30/4/22 (unless quarterly instalments apply) 19/02 PAYE & NIC deductions, and CIS return and tax, for month to 5/02/23 (due 22/02 if you pay electronically) 28/02 5% surcharge added to the outstanding...
Essential tax dates for February
2 February Deadline for submitting P46(Car) for employees whose car/fuel benefits changed during the quarter to 5 January 2023. 19 February PAYE, Student loan and CIS deductions are due for the month to 5 February 2023.
Energy bill support for firms to be reduced from April
Businesses will receive reduced support with their energy bills from April as the UK government attempts to cut the cost of compensating for soaring gas and electricity prices, the Treasury has confirmed. The Treasury said that the government would provide £5.5...
Tax deposit certificates need to be used this year
HMRC is writing to taxpayers who have purchased a certificate of tax deposit (CTD) to remind them that the scheme is closing this year. When do these need to be used by, and what should you do if you can’t use them? A CTD could previously be purchased as a way to...
Essential Tax Dates for January
1 January Due date for payment of corporation tax for period ended 31 March 2022. 14 January Due date for income tax for the CT61 quarter to 31 December 2022. 19 January PAYE, Student loan and CIS deductions are due for the month to 5 January 2023. PAYE quarterly...
MTD for ITSA delayed for two more years
In a written statement, the Treasury has announced that Making Tax Digital for income tax self assessment (MTD for ITSA) will be delayed for two more years until April 2026. MTD for ITSA was due to take effect from April 2024 and would have required all self-employed...
Main tax events for December 2022/January 2023
Date What’s Due 1/12/22 Corporation tax for year to 28/02/2022 unless quarterly instalments apply. 19/12/22 PAYE & NIC deductions, and CIS return and tax, for month to 5/12/22 (due 22/12 if you pay electronically). 30/12/22 Deadline for filing 2021/22 tax return...
Autumn Statement 2022
Here are the key points from yesterday's statement from the Chancellor: The threshold for the top 45% additional rate of income tax was cut to £125,140 from £150,000. The thresholds on the Income Tax personal allowance, Income Tax higher rate, basic National Insurance...
Main tax code for November & December
Date What’s Due 1/11/22 Corporation tax for year to 31/01/2022 unless quarterly instalments apply 19/11/22 PAYE & NIC deductions, and CIS return and tax, for month to 5/11/22 (due 22/11 if you pay electronically) 1/12/22 Corporation tax for year to 28/02/2022...
Diary of main tax events: October/November 2022
Date What’s Due 1/10 Corporation tax for year to 31/12/21, unless quarterly instalments apply 5/10 Deadline for notifying HMRC of chargeability for 2021/22 if not within Self-Assessment and receive income or gains on which tax is due 19/10 PAYE & NIC deductions,...
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Middleton Accountancy Services
211 Manchester New Road
Alkrington
Middleton
Manchester
M24 1JT
