Tax Tips & News

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01/10/2016

October Tax Tips & News

Welcome to the Lawrence & Co Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.

If you need further assistance just let us know or send us a question for our Question and Answer Section.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

Finance Bill 2016 receives Royal Assent
The Finance Bill 2016 finally received Royal Assent on 15 September, enacting proposals announced in the 2016 Budget, Autumn Statement 2015 and Summer Budget 2015. Amongst other things, Finance Act 2 Read More...
 
Termination payments consultationHMRC launch online disclosure service for agents
Following a recent consultation, the Office for Tax Simplification (OTS) is currently consulting on proposed changes to the tax and National Insurance Contributions (NICs) treatment of termination..
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Where a client has failed to report all their income and gains, tax advisers and agents are now able to..
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Lifetime ISA guidance updated
HM Treasury has updated its factsheet on the new Lifetime Individual Savings Account (ISA), which are expected to launch in April 2017. Key features of the new ISA include..
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October Questions and AnswersOctober Key Tax Dates

Newsletter issue - October 2016.

1 - Due date for payment of Corporation Tax for the year ended 31 December 2015

5 - If a Tax Return has not been received, individuals and trustees must notify HMRC of new sources of income and chargeability in 2015/16

14 - Return and payment of CT61 tax due for quarter to 30 September 2016

19 - Tax and Class 1B national insurance due on PAYE settlements for 2015/16

19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/10/2016 or quarter 2 of 2016/17 for small employers

31 - Deadline for 2015/16 self assessment paper returns to be filed for HMRC to do the tax calculation. If a paper return is being filed also the deadline for tax underpaid to be collected by adjustment to your 2017/18 PAYE code (for underpayments of up to £3000 only)

About Us

Lawrence & Co Accountants are based in Harrow, offering local business owners and individuals a wide range of services.

All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website www.lawacc.co.uk for more information.

 
 

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