Here at Kilby Fox we have put together some key dates for your diary to help with your tax assessments and tax deadlines.
October 2014
5th – Deadline to notify chargeability for income tax/capital gains tax for 2013-2014 if not registered for self-assessment. Complete form CWF1 for self-employment or form SA1 for non self-employed income, or form SA401 for Partners.
31st – Midnight deadline for paper submission of self-assessment tax returns for tax year ended 5 April 2014 to be received by HMRC.
December 2014
30th – Deadline for online submission of self-assessment tax returns for tax year ended 5th April 2014 for HMRC to collect tax through clients’ PAYE codes, where they owe less than £3,000.
January 2015
31st –
- Deadline for online submission of self-assessment tax returns for tax year ended 5 April 2014.
- Deadline for paying self-assessment balancing payments’ for tax year ended 5 April 2014.
- Deadline for first self-assessment payment on account for tax year ended 5th April 2015.
Monthly repeat dates:
Construction industry scheme (CIS) deadlines:
– Deadline for receipt of the contractor’s monthly return whether submitted of paper, electronically or in the case of a nil return over the telephone is the 19th of every month.
PAYE and Class 1 National Insurance Contribution (NICs) deadlines:
– Deadline for electronic payments to be cleared in HMRC’s bank account for any PAYE and class 1 NICs is the 22nd of each month.
Employer Payment Summaries:
-The Employer Payment Summary (EPS) is used to notify HMRC that no payment is due, or of any amounts being recovered from payments. If you want the EPS to apply to a specific month, you need to send the EPS before payment to the HMRC is due on the 19th following the end of the tax month.
Quarterly Repeat dates:
Cheque payments for any outstanding PAYE and Class 1 NICs must reach HMRC Accounts office by the 19th of each quarter.
- First Quarter 19th July 2014
- Second Quarter 19th October 2014
- Third Quarter 19th January 2015
- Fourth Quarter 19th April 2015
Cleared Electronic payment must reach HMRC’s Bank account no later than the 22nd of each quarter.
- First Quarter 22nd July 2014
- Second Quarter 22nd October 2014
- Third Quarter 22nd January 2015
- Fourth Quarter 22nd April 2015