Tax Diary February/March 2013

1 February 2013 – Due date for corporation tax payable for the year ended 30 April 2012. 19 February 2013 – PAYE and NIC deductions due for month ended 5 February 2013. (If you pay your tax electronically the due date is 22 February 2013) 19 February 2013 – Filing Read more…

50,000 businesses targeted by HMRC

Businesses that have failed to submit their VAT returns by the due date will be targeted by HMRC this month. An estimated 50,000 businesses may be affected by this latest campaign by HMRC. Registered traders who have outstanding returns to file may find that their tax affairs will be closely Read more…

Additional tax allowances and reliefs

There are a number of tax allowances that can be claimed if certain conditions apply, in some cases these can be transferred to your spouse or civil partner if you are unable to utilise the additional tax relief. 1. Increased personal allowance from age 65. You will be eligible to apply Read more…

New flat rate state pension announced

It has been proposed that from 2017 a new flat-rate state pension will be paid – worth in today’s money £144 a week. Details will no doubt change over time but some of the information available so far is listed below: • As stated above the starting rate April 2017 will Read more…

Payroll changes April 2013

Employers should make sure that they are ready for the switch to the Real Time Information (RTI) from April 2013. Most employers will be affected from April 2013 and all employers by October 2013. Essentially, RTI requires that you submit payroll data on or before the date that salaries and Read more…