Value Added Tax returns for the quarter ended 30 June 2016 are due to be submitted by 7 August 2016, and any payment which is due should be made electronically by the same date.
Archives for July 2016
If you claim tax credits, then 31 July 2016 is the deadline for renewing your claim. You should have received a tax credits renewal pack at the start of this month.
Small private companies with a year end of 31 October 2015 and into their second or later year of existence should submit their accounts to Companies House by 31 July 2016 in order to avoid a Late Filing Penalty.
Sole traders and partnerships may need to pay a second installment of income tax for the year ended 5 April 2016 by 31 July 2016, which is the end of this month. You should have received a payslip and envelope through the post by now.
Sometimes when you are an employer, you might have happened to have made no wage or salary payments at all for a PAYE month such as the month from 6 June to 5 July 2016, in which case you must submit electronically an Employer Payment Summary as a NIL return by 19 July. This is too easy to overlook.
Employers must make First Quarter payments of PAYE and NICs by 19 July 2016 if settled by cheque. If you pay electronically, then you have until 22 July to make the payment. Tax retained under the Construction Industry Scheme must also be paid by the same date. Class 1A national insurance due from any P11D return must be paid as well by the same date.
Construction Industry Scheme returns for the period from 6 June to 5 July 2016 should be submitted online by 19 July. This includes NIL returns.