Albasas - Clents Tax Diary Notices
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CLIENTS TAX DIARY NOTICES
 
A place to generally keep up to date with the filing requirements at HMRCs.
 
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Tax return deadlines.
                                         Time stood still? We stood still? 

Income Tax (including Class 4 )
 
31 July second payment on account
Further automatic 5% surcharge on any tax 18 months outstanding.

Last filing date for paper SA tax return 31 October.

31 January balancing payment, and first payment on account. Final filing date, deadline, for an online Self Assessment return
 
28 February Automatic 5% surcharge on any tax 13 months outstanding
 
31 July second payments to account. Further automatic 5% surcharge on any tax 18 months outstanding.
 
31 January balancing payment of previous years tax, and first payment on account.

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Capital Gains Tax
 
31 January previous tax year Capital Gains Tax due.

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Inheritance Tax
 
6 months after the end of the month of death or chargeable transfer
For chargeable lifetime transfers between 6 April and 30 September, due date is 30 April in the following year.
 
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Corporation Tax
Small companies 9 months and one day after the end of the accounting period.Large companies- four quarterly installments commencing six months and 13 days from the start of the accounting period. 
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SELF ASSESSMENT TAX 

30-Dec-14 For those with a tax liability of less than £3,000, if you file your self-assessment tax return on-line by this date, the tax office will adjust your PAYE code (provided you are an employee) so that you can pay any tax due for 2013/14 over time through PAYE, rather than as a lump sum on 31 January 2015. 

31-Jan-15 If you were sent a 2013/14 tax return, this is the deadline for sending back the completed return. This is also the deadline for paying the balance of any tax that you owe for 2013/14. Some people may have to make "payments on account". Each payment will normally equal one half of the previous year's tax liability (after taking off tax deducted at source and tax credits on dividends). The payments are due on 31 January in the tax year and 31 July following the end of the tax year. Any Capital Gains Tax due for 2013/14 would be part of, or form, the balancing payment due on this date. If either the balancing payment for 2013/14 or first payment on account for 2014/15 is not made by this date, then interest will be charged. If you have not made the balancing payment for 2012/13 by this date, a third automatic 5% surcharge will be applied. If you were sent a tax return for 2013/14, you will be charged a penalty of £100 if HMRC has not received your return by this date. The penalty increases over time – see www.hmrc.gov.uk/sa/deadlines-penalties.htm#3 for details. 

28-Feb-15 If you have not made the balancing payment due for 2013/14 by this date, a first automatic 5% surcharge will be applied. The 5% surcharge does not apply to late payment of the first payment on account for 2014/15. 

05-Apr-15 The last day of the 2014/15 tax year. 

31-May-15 By this date, your employer should have given you a Form P60 (pay and tax details from employment) to assist you with the completion of your tax return for the year ended 5 April 2015. 

06-Jul-15 If applicable to you, your employer must provide you with a copy of Form P11D showing details of the benefits in kind provided to you or expense payments reimbursed to you. Benefits in kind include, for example, the provision of a company car. 

31-Jul-15 Some people may have to make payments on account. Each payment will normally equal one half of the previous year's tax liability (after taking off tax deducted at source and tax credits on dividends). The payments are due on 31 January in the tax year and 31 July following the tax year. If you need to make a second payment on account for the tax year ending on 5 April 2015, this is the date by which it should be made. If you have still not made a balancing payment of tax for 2013/14 by this date, you will be charged a second automatic 5% surcharge. The second 5% surcharge does not apply to late payment of the first payment on account for 2014/15. If you have been sent an Annual Declaration to renew your tax credits, you should provide the information no later than this date. 

05-Oct-15 You must tell HMRC of any income or capital gains you have received in the 2014/15 tax year, if you have not received a tax return. You have a legal obligation to do this. HMRC may, or may not, need to send you a tax return - some taxpayers will be able to pay the right amount of tax through an adjustment to their PAYE code. 

31-Oct-15 If you were sent a 2014/15 tax return, this is the deadline for sending back the completed paper tax return. Paper tax returns must be filed by this date if you want HMRC to collect any unpaid tax (of under £3,000) for 2014/15 through PAYE. 

For self-assessment tax returns filed on-line, the filing deadline is 31 January 2016. 

30-Dec-15 For those with a tax liability of less than £3,000, if you file your self-assessment tax return on-line by this date, the tax office will adjust your PAYE code (provided you are an employee) so that you can pay any tax due for 2014/15 over time through PAYE, rather than as a lump sum on 31 January 2016. 
 
PARTNERS & PARTNERSHIPS

31-Jan-15 If you were sent a 2013/14 tax return, this is the deadline for sending back the completed return. This is also the deadline for paying the balance of any tax that you owe for 2013/14. Some people may have to make "payments on account". Each payment will normally equal one half of the previous year's tax liability (after taking off tax deducted at source and tax credits on dividends). The payments are due on 31 January in the tax year and 31 July following the tax year. Any Capital Gains Tax due for 2013/14 would be part of, or form, the balancing payment due on this date. If either the balancing payment for 2013/14 or first payment on account for 2014/15 is not made by this date, then interest will be charged. For members of a partnership or limited liability partnership, this is the deadline by which the completed 2013/14 partnership tax return should be sent back to HMRC. If either the balancing payment for 2013/14 or first payment on account for 2014/15 is not made by this date, then interest will be charged. If you have not made the balancing payment for 2012/13 by this date, a third automatic 5% surcharge will be applied. 01-Feb-15 If you were sent a tax return for 2013/14, you will be charged a penalty of £100 if HMRC has not received your return by this date. The penalty increases over time – see www.hmrc.gov.uk/sa/deadlines-penalties.htm#3 for details. Where HMRC has not received the completed 2013/14 partnership tax return by this date, each member of the partnership or limited liability partnership will be charged a penalty of £100. This penalty applies even if the member does not have a liability to tax for the year. 

28-Feb-15 If you have not made the balancing payment due for 2013/14 by this date, a first automatic 5% surcharge will be applied. The 5% surcharge does not apply to late payment of the first payment on account for 2014/15. 

05-Apr-15 The last day of the 2014/15 tax year. 

05-Jul-15 You must make a claim to HMRC for any new tax credits to which you are entitled (in order to receive full entitlement). 

31-Jul-15 Some people may have to make payments on account. Each payment will normally equal one half of the previous year's tax liability (after taking off tax deducted at source and tax credits on dividends). The payments are due on 31 January in the tax year and 31 July following the tax year. If you need to make a second payment on account for the tax year ending on 5 April 2015, this is the date by which it should be made. If you have still not made a balancing payment of tax for 2013/14 by this date, you will be charged a second automatic 5% surcharge. The second 5% surcharge does not apply to late payment of the first payment on account for 2014/15. If you have been sent an Annual Declaration to renew your tax credits, you should provide the information no later than this date. 

05-Oct-15 You must tell HMRC of any income or capital gains you have received in the 2014/15 tax year, if you have not received a tax return. You have a legal obligation to do this. 

31-Oct-15 If you want HMRC to calculate your 2014/15 tax liability, your paper 2014/15 tax return must be with them by this date. 

The deadline for internet filed returns for 2014/15 tax returns is 31 January 2016. 
COMPANIES AND EMPLOYERS

14- Jan-15 (Companies only) Due date for income tax due for the CT61 (Quarterly accounting) quarter to 31 December 2014. 

19-Jan-15 Monthly PAYE/NIC to 5 January 2015 due. 

02-Feb-15 Last day for notifying car changes in quarter to 5 January 2015 - Form P46 (Car). 

19-Feb-15 Monthly PAYE/NIC to 5 February 2015 due. 

19-Mar-15 Monthly PAYE/NIC to 5 March 2015 due. 

31-Mar-15 (Companies only) End of Corporation Tax financial year. Corporation tax return for the year ended 31 March 2014 to be filed by this date to avoid £100 penalty (£500 for third consecutive default). 

06-Apr-15 Real Time Information (RTI) started on 6 April 2013. RTI should improve the operation of the PAYE system by creating more up-to-date taxpayer records and making it easier for employers and HMRC to administer. The fundamentals of PAYE will stay the same, but employers and pension providers will send PAYE information to HMRC each time they pay their employees, rather than after the end of the tax year. 
See: http://www.hmrc.gov.uk/about/briefings/briefing-rti-paye.pdf for further information. 

14 Apr-15 (Companies only) Due date for income tax due for the CT61 (Quarterly accounting) quarter to 31 March 2015. 

19-Apr-15 Monthly PAYE/NIC to 5 April 2014 due. Any arrears of PAYE/NIC due for the year ended 5 April 2015 to be paid by this date. 

03-May-15 Last day for notifying car changes in quarter to 5 April 2015 - Form P46 (Car). 

19-May-15 Monthly PAYE/NIC to 5 May 2015 due. 

31-May-15 If you are an employer, you must provide a form P60 (showing pay and tax details) to each employee who is working for you at the end of the tax year and for whom you have completed P11. For an employee who left before 5 April they receive a P45. 

19-Jun-15 Monthly PAYE/NIC to 5 June 2015 due. 

01-Jul-15 (Companies only) Corporation tax return for the year ended 31 March 2014, not filed before 31 March 2015, to be filed by this date to avoid a minimum £200 penalty (£1,000 for third consecutive default). Tax geared penalties apply where returns are filed more than 18 months after the end of the return period. 

06-Jul-15 Copies of Forms P11D, showing details of the benefits in kind provided and/or expense payments reimbursed, for the year ended 5 April 2015 must be provided to all current employees (and to ex employees who request them). 

14-Jul-15 (Companies only) Due date for income tax due for the CT61 (Quarterly accounting) quarter to 30 June 2015. 

19-Jul-15 Monthly PAYE/NIC to 5 July 2015 due. Employers Class 1A NICs on Relevant Benefits in Kind must be paid. 

19-Aug-15 Monthly PAYE/NIC to 5 August 2015 due. 

19-Sep-15 Monthly PAYE/NIC to 5 September 2015 due. 

14-Oct-15 (Companies only) Due date for income tax due for the CT61 (Quarterly accounting) quarter to 30 September 2015. 

19-Oct-15 Monthly PAYE/NIC to 5 October 2015 due. 

19-Nov-15 Monthly PAYE/NIC to 5 November 2015 due. 

19-Dec-15 Monthly PAYE/NIC to 5 December 2015 due. etc... etc......

9 months + 1 day, after company year end Corporation Tax for the year to be paid. 

9 months (6 months for PLCs) after company year end Company accounts for the year to be filed with Companies House. 

12 months after company year end Company accounts for the year to be filed with HMRC, together with Corporation Tax return Form CT600. 

Annually on anniversary of company incorporation Annual Return showing details of Company Directors, Secretary and Shareholders to be filed with Companies House, within 28 days together with filing fee. 

Quarterly (unless monthly or annual accounting opted for) VAT Return to be filed with Customs & Excise: for accounting periods beginning on or after 1 April 2012, virtually all VAT registered businesses must submit their VAT return online. You can only submit a paper return where you have been advised that you are exempt from submitting your return online. The deadline for submission of the VAT return, and payment of the VAT (HMRC must receive cleared funds by the deadline date), is one month and seven days from the end of the VAT quarter.