Dates To Remember April – June 2018

2018/2019 financial year starts

7 April 2018

Deadline for VAT returns and payments of Accounting Quarter period ending 28 February 2018

14 April 2018

Income tax due date for CT61 period to 31 March 2018

17 April 2018

March inflation figures released The inflation figures from March 2018 will be released today. This will be pertinent for anyone repaying a student loan, as it will form the basis of how the student loan interest rate is calculated from September 2018 – usually, it’s the March RPI figure plus 3%.

19 April 2018 

CIS, NICs and PAYE HMRC payment due

1 May 2018

Payment of tax for companies with a 31 July year end

7 May 2018

Deadline for VAT returns and payments of Accounting Quarter period ending 31 March 2018

19 May 2018

CIS, NICs and PAYE HMRC payment due

31 May 2018

Employers must have distributed 2017/18 P60 documents issued to employees by today, having previously filed your payment information to HMRC in April.

1 June 2018

Payment of tax for companies with a 31 August year end

7 June 2018

Deadline for VAT returns and payment Accounting Quarter period ending 30 April 2018.

19 June 2018

CIS, NICs and PAYE HMRC payment due

 

Posted by Cassey Nixon on

17th April 2018

Categories

  • Protecting yourself from an HMRC investigation

    A tax investigation is stressful, time consuming and usually very expensive. And it could easily happen to you. HMRC’s investigations are more focused than ever before. During the tax year 2017-18, the tax man collected over £30 billion through ‘compliance activity’. Special investigators are using high tech methods to gain information and maximise tax revenues. […]

  • Loss Buying Restrictions

    Under qualifying circumstances, Corporation Tax relief is available where your company makes a trading loss. The trading loss can be used by offsetting the loss against other gains or profits of your business in the same or previous accounting period. The loss can also be set against future qualifying trading income. However, there are restrictions […]