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| 01/04/2023 | |||||
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| Cleaning up your sales till | Employment status of Associate Dentists |
| Electronic sales suppression (ESS) is the term for when a sales till is programmed to hide or reduce the value of individual sales... Read More... | For years HMRC has accepted that associate dentists can be treated as self-employed rather than as employees of the dental practice they work for, but this informal agreement is about to end on 5 April 2023... Read More... |
| Electronic returns of benefits and expenses |
| In February 2022 HMRC suddenly withdrew the interactive online PDF form for reporting expenses and benefits for employees (form P11D). Employers were forced to submit their P11Ds electronically or go back to using paper P11D forms... Read More... |
| April Questions and Answers | April key tax dates |
Newsletter issue – April 2023 5 - Last opportunity to utilise income tax personal allowances, annual ISA allowances, and exemptions for CGT and IHT for 2022/23. Last day to claim exemption from Class 4 NIC for 2022/23 where earnings are also subject to Class 1 NIC. Final day for claims for 2018/19 relating to personal allowances, remittance basis, terminal loss relief, overlap relief, carry-forward of trading losses, and capital losses. The deadline to claim an asset became of negligible value or loan to a trader became unrecoverable in 2020/21. 11 - Last day to set up a variable direct debit to pay PAYE for payment this month. 19 - Employers must make the final RTI payroll report for 2022/23 using FPS or EPS. 22 - PAYE, NIC, and student loan deductions are to be paid to HMRC by electronic means for the month of 5 April 2023, unless the employer has set up a direct debit so HMRC can collect the amounts due. 30 - Daily £10 late filing penalties start to apply to outstanding 2021/22 self-assessment returns. Any IHT due on lifetime transfers between 6 April and 30 September 2022 is due. ATED returns and ATED relief declarations must be filed for 2023/24. The ATED charge must be paid for 2023/24. |
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Unit 205, Cervantes House 5-9 Headstone Road Harrow HA1 1PD Lawrence & Co is a trading name of Lawrence & Co
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