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01/01/2012
Is Your Payroll Information 'Clean'?
The Taxman is asking all employers to spring-clean their payroll data to prepare for RTI. What does RTI stand for? It stands for Real Time Information, and within the next 18 months it will become as familiar to you as PAYE. Read More...
 
Online VAT Filing CompulsoryAre You On The Taxman's Target List?
Are you already filing your VAT returns online? If not, then you need to prepare to switch to online filing as this will be compulsory for all VAT registered businesses from 1 April 2012. Don't leave this task until the last minute as it can take a few we..
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The Taxman has formed a number of task forces to investigate certain business sectors, where he believes tax rules are being ignored...
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Tax Numbers for 2012/13
Tax rates and thresholds for 2012/13 have been announced as follows: Income Tax Personal Allowances..
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January Question and Answer SectionJanuary Key Tax Dates

Newsletter issue - January 2012.

1 - Due date for payment of Corporation Tax for the year ended 31 March 2011

14 - Return and payment of CT61 tax due for quarter to 31 December 2011

19/22 - PAYE/NIC and CIS deductions due for month to 5/1/2012 or quarter 3 of 2011/12 for small employers

31 - Deadline for filing 2011 Self Assessment personal, partnership and trust Tax Returns - £100 first penalty for late filing even if no tax is due or tax due is paid on time.
Balancing self assessment payment due for 2010/11.
Capital gains tax payment due for 2010/11.
First self assessment payment on account due for 2011/12.
Interest accrues on all late payments.
Half yearly Class 2 NIC payment due.

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