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Key Dates

GDPR commences

The General Data Protection Regulation (GDPR) will replace the existing Data Protection Act and will apply from 25 May 2018.

Deadline for self-assessment return

Deadline for submitting your 2016/17 self-assessment return (£100 automatic penalty if your return is late) and the balance of your 2016/17 liability together with the first payment on account for 2017/18 are also due.

Notification deadline for HMRC

Notification deadline for HMRC of new sources of taxable income or gains or liability to the High Income Child Benefit Charge for 2016/17 if no tax return has been issued.

This deadline is relevant to individuals who have not received a self-assessment tax return for the year ended 5th April 2017 but who believe they have received income or capital gains which will result in a tax liability. This deadline is also relevant to individuals who are liable to the High Income Child Benefit Charge.

Second payment on account 2016/17 due

This deadline is relevant to individuals who need to complete a self-assessment tax return and make direct payments to HMRC in respect of their income tax, Class 4 NI, capital gains tax and High Income Child Benefit Charge liabilities.

The second payment on account in respect of income tax and any Class 4 NI is due for payment by 31st July 2017. Interest is charged on any late payments.

If we have already dealt with this matter on your behalf you need take no action.

Class 1A NIC due for 2016/17.

This deadline is relevant for employers who have provided their employees with benefits for 2016/17. These benefits should have been reported by the 6th July and the amount of the Class 1A employer only NI liability due calculated on the form P11D(b).

Where the payment is made electronically the deadline for receipt of cleared payment is Friday 21st July 2017 unless you are able to arrange a 'Faster Payment' to clear on or by Saturday 22nd July. Interest will be charged if payment is made late. Penalties may also apply.

Deadline for forms P11D-P11D(b) submitted to HMRC 16/17

This deadline is relevant to employers.

Details of benefits and expenses provided to employees must be reported to HMRC on the relevant forms P11D. The P11D(b) form is used to calculate the Class 1A NI liability.

Please be aware that if we deal with the forms P11D on your behalf that we will ensure this matter is dealt with on a timely basis.

Deadline for employers' final PAYE return

This deadline is relevant to employers.

This is the last day by which your final Full Payment Summary (FPS) for the 2016/17 tax year should be sent to HMRC.

You will not be able to file an FPS relating to 2016/17 after 19th April. If you need to make an amendment or correction to the details reported on a 2016/17 FPS you will need to submit an Earlier Year Update (EYU).

Please be aware that if we deal with the payroll on your behalf that we will ensure that this matter is dealt with on a timely basis.

5% late payment penalty on outstanding tax due from Jan'17

This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 NI, capital gains tax or High Income Child Benefit Charge liabilities.

The Spring Budget 17

Philip Hammond announced in the 2016 Autumn Statement that he will present the last Spring Budget on Wednesday 8th March.

We hope to see you at our Annual Budget Briefing

But how will it affect you?

Find out from Senior Tax Consultants, Francesca Hutcheson and James Clark at one of our free Budget Briefings. They will give a practical assessment focusing on the key announcements and their impact. They will illustrate ways to use amendments and changes, to reduce overall taxation levels and indicate what planning is available to minimise risk.