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Penalties for Late Payment of PAYE

Penalties for Late Payment of PAYE   PAYE and other payroll deductions need to clear Taxman's bank account by 19th of the month, if paid by cheque. Electronic payments can arrive b...
/news/penalties-for-late-payment-of-paye.htm

Changes to NICs for the Self-employed

Changes to NICs for the Self-employed From 2015-16 onwards, the collection of Class 2 contributions will be through the self-assessment system. This means that Class 2 NICs can now be paid...
/news/changes-to-nics-for-the-self-employed.htm

Termination payments consultation – eg. redundancy payment

Termination payments consultation – eg. redundancy payment Following a recent consultation, the Office for Tax Simplification (OTS) is currently consulting on proposed changes to the tax ...
/news/termination-payments-consultation--eg-redundancy-payment.htm

Interest provisions for late payment, repayment and penalties

The detail of how interest is applied to late payments for corporation tax, Stamp Duty and SDLT and to penalties imposed for failure to comply with obligations under PAYE, is to be clarified. ...
/news/interest-provisions-for-late-payment-repayment-and-penalties.htm

Q. Due to cash flow difficulties I have not yet paid my self-assessment...

Q. Due to cash flow difficulties I have not yet paid my self-assessment payment on account, which was due on 31 July 2018. I realise that I will have to pay interest on the amount outstanding, but ...
/news/q-due-to-cash-flow-difficulties-i-have-not-yet-paid-my-self-assessment.htm

CGT (Capital Gains Tax) Payment within 30 days of the sale - coming for Property owners?

The Association of Taxation Technicians (ATT) is warning that owners of second homes and buy-to-let (BTL) landlords may face a much shorter period in which to pay any capital gains tax (CGT) due on...
/news/cgt-capital-gains-tax--payment-within-30-days-of-the-sale---coming-for-property-owners-.htm

Q. I have not yet paid my self-assessment payment on account, which was due on 31 July...

Q. I have not yet paid my self-assessment payment on account, which was due on 31 July 2017. Will I be charged a penalty for paying late? A. Interest will be charged on the overdue amount. The...
/news/q-i-have-not-yet-paid-my-self-assessment-payment-on-account-which-was-due-on-31-july.htm

Online VAT Filing Compulsory

Online VAT Filing Compulsory   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 regist...
/news/online-vat-filing-compulsory.htm

Late Filing Penalties - Mandatory regular submissions payroll - RTI

Late Filing Penalties - Mandatory regular submissions payroll - RTI From 6 October 2014 the HMRC computer will automatically issue you with a penalty if you submit your full payment submission ...
/news/late-filing-penalties---mandatory-regular-submissions-payroll---rti.htm

What are payments on account?

What are payments on account? These are part payments for the next year. As, when it is due (31st Jan) it is ten months in to the next tax year, HMRC ask you to pay half of your expected b...
/news/what-are-payments-on-account.htm

Annual Payroll & RTI

Annual Payroll & RTI   Under real time information (RTI) PAYE reporting, a Full Payment Submission (FPS) report is required to be made to HMRC every time an employee is paid, not j...
/news/annual-payroll--rti.htm

RTI Relaxation Extended

RTI Relaxation Extended The temporary relaxation of the RTI reporting requirements for small employers has been extended to 5 April 2014. It was due to apply only until 5 October 2013. Und...
/news/rti-relaxation-extended.htm

Paying PAYE on Time

Paying PAYE on Time HMRC are encouraging businesses to pay all their taxes electronically. Only large employers with 250 or more employees, are currently required to pay PAYE and other payroll ...
/news/paying-paye-on-time-.htm

What if You Don't Pay Your Tax!

What if You Don't Pay Your Tax!   July is one of those big tax-paying months... - If you are self-employed you need to pay your income tax and class4 NIC on-account payment for...
/news/what-if-you-dont-pay-your-tax.htm

Self Employed Teachers to Tell All

Self Employed Teachers to Tell All   The Taxman has launched another campaign to encourage people to pay tax on income they have previously omitted from their tax returns. This time pr...
/news/self-employed-teachers-to-tell-all-87.htm
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