Manchester Accountants' Key Dates & Deadlines 2009-10
Income Tax Payments, Self-Assessment Returns, PAYE, Surcharges & Penalties

Tax Diary February/March 2010

1 February 2010 - Due date for corporation tax payable for the year ended 30 April 2009.

19 February 2010 - PAYE and NIC deductions due for month ended 5 February 2010. (If you pay your tax electronically the due date is 22 February 2010)

19 February 2010 - Filing deadline for the CIS300 monthly return for the month ended 5 February 2010

19 February 2010 - CIS tax deducted for the month ended 5 February 2010 is payable by today.

1 March 2010 - Due date for corporation tax due for the year ended 31 May 2009.

19 March 2010 - PAYE and NIC deductions due for month ended 5 March 2010. (If you pay your tax electronically the due date is 22 March 2010)

19 March 2010 - Filing deadline for the CIS300 monthly return for the month ended 5 March 2010.

19 March 2010 - CIS tax deducted for the month ended 5 March 2010 is payable by today.

Annual Diary

PAYE (Pay As You Earn) Filing/Issuing Deadlines:

19th May P14, P35, P38, P38A & CIS36
31st May Issue P60s to employees*
6th July P9D, P11D,& P11D(b), and appropriate copies to employees
19th July Payment due on Class 1A NICs

*Only relevant to Employers

Self Assessment Returns:

6th April Issued by the Inland Revenue
30th September Inland Revenue will calculate tax liability if SA Return has been received by then.
31st January Latest date for submission

VAT Payments

Most people pay their VAT quarterly, although you can pay monthly if you so desire. If your first quarter is January - March, for example, your VAT payment is due on or before 30th April; so you have a month from the end of you quarter in which to pay.

If, however, you file your VAT Returns online with Her Majesty's Revenue & Customs (HMRC), you get an extra 7 days to both submit and pay your return.

We would need your authority, as your accountant, to complete this process for you.

If this is something you would like further information on, or would like to set up, please contact us or have a look at the HMRC website.

Payments of Income Tax/Class 4 NICs

31st January balancing payment and 1st payment on account
31st July 2nd payment on account

Corporation Tax

9 months and one day after the end of the accounting period (or by quarterly installments if large company)

Surcharges (on amounts outstanding):

28th February 5% on unpaid at that date
31st July Further 5% on amount unpaid at that date

Penalties for late Self Assessment Returns:

Usually £100, or the amount of the liability if less.

31st January where returns are outstanding at that date
31st July Further penalty if still outstanding

 

For advice on the above information and any updated rates please refer News Pages or contact us