Construction Industry Scheme returns for the month from 6 March to 5 April 2019 should be submitted online by Friday 19 April. This includes NIL returns.

It is only too easy to get caught out by the need to submit a NIL return when no payments to subcontractors have been made. If you engage a local accountant to do your CIS returns, then this will be taken care of. In our case we keep a diary and do a batch of work at about the same time each month. We aim to be the Carlisle accountants that businesses will turn to for a range of advice and services. Our payroll files are bright yellow so they are hard to overlook, and CIS files also have a green line around them so they are easy to pick out.

 
The threshold to register for Value Added Tax remains unchanged at £85,000, with £83,000 being the threshold to deregister.

 
The income tax year ends today, which is Lady Day (The Annunciation) in the Julian calendar which was in use prior to 1750 and is still in use in some parts of the world and by the Orthodox Church.

The new tax year starts tomorrow. If you wish to claim a tax refund, then get your records together and let us have them.

If your tax bill at the end of July is larger than you think it should be, then again get your records together, give them to us, and we will get your tax return submitted before July so the payment can be reduced.