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News Features...
30 September 2011
As of October 1st 2011, the National Minimum Wage (hourly rates) will rise...more >>
 
 
Hints & Tips
Tax Year End
The tax year ends on the 5th April

Employer Annual returns
May 19th is the deadline for filing of Employer annual returns (P35, P14 etc).

P60 Forms
May 31st - last date for giving form P60 to each employee working for you at 5 April

P11D Forms
July 6th - P11Dís to be filed with HMRC and distributed to employees

NI Payments
July 19th - Class 1a NI payments due

Capital Gains Tax
Capital gains for individuals are taxed at 18% up to the basic rate limit, and 28% above the basic rate limit. Entrepreneurs Relief allows gains up to £10 million in a lifetime to be taxed at 10%. Certain rules and restrictions apply. Please contact us for more information on how this may apply to you.

Taxable Car Benefit
Taxable car benefit is calculated on a percentage of the list price, which for the most part will vary according to the level of the carbon dioxide (CO2) emissions, measured in grams per kilometre (g/km).

Self-Employment NIC
If you are self-employed, you must inform by 5 October after the end of the tax year for which you need a tax return. The current rate for Class 2 NI is £2.65 per week (from 6 April 2012).

Work Expenses
New guidance is available from HMRC in respect of expenses for use of home for work. See the official documentation from HMRC.gov

VAT Threshold
From 1st April 2012, businesses with an annual turnover on excess of £ 77,000 must register with HMRC to pay VAT. The threshold for the year to 31st March 2012 is £ 73,000.
  Why? 23w and numerology...

Another random fact about the number 23
   
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