Large employers are defined as those with a PAYE bill of more than £1,500 per month. You must make a monthly payment of PAYE and NICs by Sunday 19 January 2020 if settled by cheque. If you pay electronically, then you have until Wednesday 22 January to make the payment. Tax retained under the Construction Industry Scheme must also be paid by the same date.
Third Quarter PAYE and CIS Payments by Sunday 19 January 2020
Employers must make Third Quarter payments of PAYE and NICs by Sunday 19 January 2020 if settled by cheque. If you pay electronically, then you have until Wednesday 22 January to make the payment. Tax retained under the Construction Industry Scheme must also be paid by the same date.
Employer Payment Summary by Sunday 19 January 2020
It can happen sometimes that when you are an employer, you have not actually made any wage or salary payments for a PAYE month such as the month from 6 December 2019 to 5 January 2020. In that case you must submit electronically an Employer Payment Summary as a NIL return by Sunday 19 January. This bureaucratic requirement is too easy to overlook.
If you engage a local accountant and business adviser or a payroll bureau to do your wages, then this will be taken care of. In our case we keep a diary and do a batch of payrolls at about the same time each month. Our payroll files are bright yellow like the old P30BC booklet so we do not overlook them. We colour-code all the taxes so green is VAT, red is income tax, blue is corporation tax and yellow is PAYE. The colour purple is used for forced loans to HMRC.
If you no longer want to have a payroll scheme, then you need to close it down in a formal way. You cannot just assume that you can stop sending in monthly returns.
Employer Payment Summary by Thursday 19 December 2019
It can happen sometimes that when you are an employer, you have not actually made any wage or salary payments for a PAYE month such as the month from 6 November to 5 December 2019. In that case you must submit electronically an Employer Payment Summary as a NIL return by Thursday 19 December. This bureaucratic requirement is too easy to overlook.
If you engage a local accountant and business advisor or a payroll bureau to do your wages, then this will be taken care of. In our case we keep a diary and do a batch of payrolls at about the same time each month. Our payroll files are bright yellow like the old P30BC booklet so we do not overlook them. We colour-code all the taxes so green is VAT, red is income tax, blue is corporation tax and yellow is PAYE.
If you no longer want to have a payroll scheme, then you need to close it down in a formal way. You cannot just assume that you can stop sending in monthly returns.
CIS Returns to Thursday 5 December 2019
Construction Industry Scheme returns for the month from 6 November to 5 December 2019 should be submitted online by Thursday 19 December. 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 accountants for small business that you 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.
Value Added Tax deadline on Saturday 7 December 2019
Value Added Tax returns for the quarter ended 31 October 2019 should be submitted by Saturday 7 December 2019, and any payment which is due should be made electronically by the same date.
Employer Payment Summary by Tuesday 19 November 2019
It can happen sometimes that when you are an employer, you have not actually made any wage or salary payments for a PAYE month such as the month from 6 October to 5 November 2019. In that case you must submit electronically an Employer Payment Summary as a NIL return by Tuesday 19 November. This bureaucratic requirement is too easy to overlook.
If you engage a local accountant and business adviser or a payroll bureau to do your wages, then this will be taken care of. In our case we keep a diary and do a batch of payrolls at about the same time each month. Our payroll files are bright yellow like the old P30BC booklet so we do not overlook them. We colour-code all the taxes so green is VAT, red is income tax, blue is corporation tax and yellow is PAYE.
If you no longer want to have a payroll scheme, then you need to close it down in a formal way. You cannot just assume that you can stop sending in monthly returns.
CIS Returns to Tuesday 5 November 2019
Construction Industry Scheme returns for the month from 6 October to 5 November 2019 should be submitted online by Tuesday 19 November. 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 accountants for small business that you 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.
Value Added Tax deadline on Thursday 7 November 2019
Value Added Tax returns for the quarter ended 30 September 2019 should be submitted by Thursday 7 November 2019, and any payment which is due should be made electronically by the same date.
Time to See an Accountant
If you had any income for the tax year ended 5 April 2019 that the Revenue don’t know about, then you will need to file a tax return. You will also need to file a tax return if you had any capital gains for the same period, or if the Revenue have sent you a tax return. If you were thinking of doing it yourself, and you have left it this long, then consider sacking yourself as your tax clerk. You should have told the Revenue on October 5th if they don’t know, and you have until October 31st to file a paper tax return.
It’s time to see an accountant, who has until January 31st 2020 to file an electronic tax return, and does this for a living. Missing the October 5th deadline is nothing much to worry about if you act quickly.
Some people file their own electronic tax return, which can be done, but drafting a tax return is a funny way to spend Christmas.
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